Judge O'Connor said professional valuers for both parties in the appeal agreed the market value of acquiring of the freehold would in the normal course be €10,000.A development fund has succeeded in having a €5 million valuation on its buy-out of the ground rent leasehold on the old Kevin Street College of Technology site, slashed to only €10,000.
Judge O’Connor said the premises for many years had formed part of the campus of Kevin Street College of Technology and substantial building work had been completed on the lands.Sports fans told to brace for impact of Dublin Airport passenger cap “The transaction completed and €5 million was retained as both fee simple interests had not been acquired within the time prescribed in the contract,” Judge O’Connor said. It had been reimbursed to the fund and a Deed of Assurance of August 2021 assigned TU Dublin’s interests to the fund.