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

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