Developers O’Flynn Construction to annihilate Cork?

gaius · **Joined:** Feb 6, 2007 **Posts:** 2517

Jackfeeney wrote:

......All bar one of the ground floor commercial units lay unoccupied and unfinished, with Rabo Bank/ACC the sole business tenant in situ......

Keeping a very close eye on their investment or did they get a deal they couldn't refuse?

It was mentioned earlier in the thread that it's actually AIB who are financing the Elysian.

Jackfeeney · **Posted:** Wed Jul 29, 2009 3:03 pm

gaius wrote:

Jackfeeney wrote:

......All bar one of the ground floor commercial units lay unoccupied and unfinished, with Rabo Bank/ACC the sole business tenant in situ......

Keeping a very close eye on their investment or did they get a deal they couldn't refuse?

It was mentioned earlier in the thread that it's actually AIB who are financing the Elysian.

oooops my mistake....Didn't see that...Thanks.... :oops:

gaius · **Joined:** Feb 6, 2007 **Posts:** 2517

No worries. My dad was slagging me for weeks until I pointed out the fact to him.
He's a bit traditional he is.

discostu · **Posted:** Wed Jul 29, 2009 6:08 pm

I passed here yesterday morning in a taxi going to the railway station. we were stuck in traffic and from what I could see on the ground floor of the commercial side a lot of it is just bare concrete it isnt decorated or floored

gaius · **Joined:** Feb 6, 2007 **Posts:** 2517

A restaurant/bar is after moving in on the ground floor.

magoko101 · **Joined:** Oct 17, 2007 **Posts:** 2003

gaius wrote:

Jackfeeney wrote:

......All bar one of the ground floor commercial units lay unoccupied and unfinished, with Rabo Bank/ACC the sole business tenant in situ......

Keeping a very close eye on their investment or did they get a deal they couldn't refuse?

It was mentioned earlier in the thread that it's actually AIB who are financing the Elysian.

Ahem .... I believe both ACC and AIB have a slice of the pie on this phallic development.
Hence the occupation of the ground floor unit... or so a wee rebel birdy has informed me.

fishfoodie · **Posted:** Sat Aug 01, 2009 9:55 pm

gaius wrote:

A restaurant/bar is after moving in on the ground floor.

They aren't calling it the 'Last Chance Saloon' by any chance ?

IDONTKNOW · **Posted:** Sat Aug 01, 2009 10:03 pm

fishfoodie wrote:

gaius wrote:

A restaurant/bar is after moving in on the ground floor.

They aren't calling it the 'Last Chance Saloon' by any chance ?

"Hades", might be appropriate 8DD

fishfoodie · **Posted:** Sat Aug 01, 2009 10:15 pm

IDONTKNOW wrote:

fishfoodie wrote:

gaius wrote:

A restaurant/bar is after moving in on the ground floor.

They aren't calling it the 'Last Chance Saloon' by any chance ?

"Hades", might be appropriate 8DD

I've been to Cork ... it's never that warm :wink:

FB2 · **Joined:** Oct 9, 2007 **Posts:** 2053

How long did we say we are behind the states?

http://news.yahoo.com/s/ap/20090801/ap_ ... y_highrise

magoko101 · **Joined:** Oct 17, 2007 **Posts:** 2003

Word on the street is that O'Flynn is attempting to buy out the owners of the handful of apartments that were sold. Houses in his developments in Ballincollig are being offered as an exchange by all accounts. The banks apparently can not take over control of the building while these folk are in situ.

Bigby · **Posted:** Sun Aug 02, 2009 2:51 pm

if the banks can't take over would that mean that the building couldn't be NAMA-ised. Because if it can't then presumably that would lead to massive firesale.

sorehead · **Joined:** Dec 12, 2007 **Posts:** 595

Quote:

Houses in his developments in Ballincollig are being offered as an exchange by all accounts.

I've heard this a few times but for houses in Mount Oval and also somewhere in Glanmire. Who knows all 3 could all be true sounds plausible enough, though I'm a little wary of it being an urban legend.

Also seem to remember one of the remember one of the buyers covered in the examiner were a retired couple downsizing from a really nice period house (likely still unsold anyway) so I wouldn't be too happy to be offered an identikit estate house back out in the suburbs if I were them.

Open Window · **Joined:** Jan 1, 1970 **Posts:** 18108

Bigby wrote:

if the banks can't take over would that mean that the building couldn't be NAMA-ised. Because if it can't then presumably that would lead to massive firesale.

Is that the new market working?

grumpy · **Joined:** Jun 9, 2008 **Posts:** 5058

Open Window wrote:

Bigby wrote:

if the banks can't take over would that mean that the building couldn't be NAMA-ised. Because if it can't then presumably that would lead to massive firesale.

Is that the new market working?

Afraid not. Nama is buying loans. Good bad and harney. The bank could step in and manage the property if they want to.

Developers O’Flynn Construction to annihilate Cork?

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