Ringsend bottle plant
According to the Dublin Docklands Development Authority (DDDA) accounts, published last Thursday, the 24.9 acre Irish Glass Bottle (IGB) site in Ringsend (of which it has a share), is presently worth €50m, while its Long Term Economic Value (LTEV) under Nama is estimated to be €62.5m. The site was sold for €412m at the height of Ireland’s property boom in 2006 to the Becbay consortium, headed by developer Bernard McNamara. There were two stories over the weekend giving some more details – Irish Times and Irish Independent.
Rob Kitchin
Ireland after NAMA 
November 30, 2009 at 2:09 pm
Niamh says:
Am I just being paranoid or does the piece in the Indo read very like the piece that I put up on Weds or Thursday???
November 30, 2009 at 2:11 pm
I meant the Irish Times piece (NM).
November 30, 2009 at 11:26 pm
Well, if it is, then at least this site is having some impact (even if it is unattributed).
December 5, 2009 at 11:51 pm
“estimated to be €62.5m.” By who? These LTEVs are essentially bogus & exist to justify NAMA: they need to be taken with a truckload of salt.
February 22, 2010 at 10:02 am
[…] in value one presumes because of its proximity to Dublin and its siting on a commuter rail line. As we’ve posted previously, these drops in valuation are not exceptions. City centre prime sites such as the 24.9 acre Irish […]