if they feel the need to hang around a place like Residence then unfortunately I think they eventually will…
[QUOTE=“briantinnion, post: 960061, member: 6”]Absolutely. No better place for a meeting. Ideal for a late lunch with a client or potential client on a Thursday. Talk shop over some fine food, as it tips towards 4pm go a little heavier on the wine of your choice. As the merriment increases head for a few pints on Dawson Street in Sam’s Bar or 37 and join the rest of corporate Dublin in some celebratory drinks to mark the return of the boom.
[/QUOTE]
He asked was it worth joining for a man about town, not for a delusional alcoholic no mark.
Here’s another feel good story
A New York State court has discharged $23 million (€17m) of debts due by a Waterfordproperty developer and publican owner allowing him to walk free from US bankruptcy.
Just over six months after filing for bankruptcy, Darryl Kavanagh[/URL] (47) was granted a discharge by the [URL=‘http://www.irishtimes.com/search/search-7.1213540?tag_location=United%20States&article=true’]United States Bankruptcy Court for the Western District of New York in Buffalo near his home in Orchard Park, upstate New York.
The New York court notified creditors, including the Nama, Bank of Ireland[/URL], Danske Bank and [URL=‘http://www.irishtimes.com/search/search-7.1213540?tag_company=Certus&article=true’]Certus[/URL] (which manages former [URL=‘http://www.irishtimes.com/search/search-7.1213540?tag_company=Bank%20of%20Scotland&article=true’]Bank of Scotland (Ireland) loans) that Mr Kavanagh had been discharged by an order of the court on June 5th, 2014.
Mr Kavanagh owned Harvey’s Bar in Waterford and Mantra nightclub in Maynooth. Bank of Scotland (Ireland) appointed a receiver to the club in 2011.
The discharge means creditors are prohibited from making “any attempt to collect from the debtor a debt that has been discharged”. They also can not contact him about his former debts.
Mr Kavanagh listed debts of $9.5 million to Bank of Scotland (Ireland) and $8 million to Nama through property development-related debt acquired by the State loans agency from Bank of Ireland.
He owed a $2 million to Danske Bank arising from borrowings on two industrial units near Waterford airport.
Mr Kavanagh’s bankruptcy trustee Thomas Gaffney[/URL] received court approval to recoup for creditors any funds recovered from a claim against [URL=‘http://www.irishtimes.com/search/search-7.1213540?tag_company=Irish%20Life&article=true’]Irish Life[/URL] and an individual, Declan Walsh, for the alleged theft of a $162,000 pension fund in late 2012 held at[URL=‘http://www.irishtimes.com/search/search-7.1213540?tag_company=Sheffs&article=true’]Sheffs Limited, the company behind the Maynooth nightclub, court records show.
Among assets worth almost $4.7 million Mr Kavanagh listed in his bankruptcy statements were 12 holiday homes in Dunmore East.
He lived in Maypark Lane, Waterford, until May 2013 when he moved to Orchard Park, near the Canadian border, where he is sales director for Irish company Ellickson Beverage Systems.
Like fellow Irish property developer Sean Dunne[/URL] and former [URL=‘http://www.irishtimes.com/search/search-7.1213540?tag_company=Anglo%20Irish%20Bank&article=true’]Anglo Irish Bank[/URL] chief executive [URL=‘http://www.irishtimes.com/search/search-7.1213540?tag_person=David%20Drumm&article=true’]David Drumm, Mr Kavanagh sought protection from creditors under chapter 7 of the US bankruptcy code, though his exit from bankruptcy was far simpler than his fellow US-based bankrupts whose discharges have been challenged by creditors.
@Manuel Zelaya any news as to when The Baron will be returning from Connecticut?
Still some way to go in his bankruptcy proceedings I believe.
I haven’t seen a demand for talent in my own industry like this since the late 1990s. Salaries for new starters are up about 20% compared to a year ago. Not sure if it is sustainable but lots of parallels to that time and if people remember it correctly it slowed down in 2001 and then 9/11 happened so interest rates were slashed which fuelled the bubble we saw come to an end in 207/2008.
There are companies in Shannon who just can’t get enough Finance staff. Most of it is contract work though.
Looks like we’re back in the middle of the madness
http://www.daft.ie/lettings/the-hibernian-the-gasworks-barrow-street-ringsend-dublin/1434579/
[QUOTE=“Mac, post: 1003612, member: 109”]Looks like we’re back in the middle of the madness
http://www.daft.ie/lettings/the-hibernian-the-gasworks-barrow-street-ringsend-dublin/1434579/[/QUOTE]
I’m not sure is it that building or one nearby, was the first residential building bought entirely for investment purposes. The management policy is 6 month leases only, rent goes up by 5% at every renewal, which won’t seem like much early on but obviously adds up fast. They also make sure that there is an apartment vacant for a certain percentage of time every year, which creates the illusion of demand for current tenants as well.
[QUOTE=“Mac, post: 1003612, member: 109”]Looks like we’re back in the middle of the madness
http://www.daft.ie/lettings/the-hibernian-the-gasworks-barrow-street-ringsend-dublin/1434579/[/QUOTE]
It’s been spiralling out of control in the Dublin 2/4 area since this time last year. I was agog when a friend agreed to pay €1,350 per month for a 1-bed in Hanover Quay, Grand Canal Dock last October/November. Other one-bed apartments in that complex and others nearby are now commanding €2,000+.
check your PM’s mate
Its the big round building I believe. Has management fees of €2500 per year I believe too.
check your PM’s mate[/QUOTE]
Hold onto it mate, don’t sell it yet.
Sounds about right so. Rent in Dublin is gone ridiculous. You can completely forget about getting a rental new on the market for any reasonable price.
Bound to happen when they shut down all those bedsits
Mother a god. That’s mad.
An awful lot to be said for living in the treaty city when you here hear rent prices like that, especially to live in Dublin FFS.
You could be paying a mortgage on a 300k house for that much a month.