I propose to take Questions Nos. 646, 678 and 681 together.
Dublin City Council (DCC) has advised my Department that, following delays in the process, they are working with the Receiver in relation to the acquisition of 58 unfinished apartment units at Prospect Hill to add to their social housing stock.
According to DCC, in February 2021, they reached a settlement agreement with the Receiver in relation to the remedial works and other issues in relation to the overall development. DCC has informed my Department that the final settlement agreement has been signed and executed on the Council’s behalf and it is now with receiver’s solicitors for execution. Once this is executed by the receiver, DCC will have legal ownership of these 58 apartments.
DCC has also advised that the total projected cost of the acquisition of 58 units, including all payments to receivers by DCC, is €7,746,404. DCC has also informed my Department that a scope of works exercise is currently underway to refurbish these apartments with a view to going to tender in Q2 2021. The cost of this work will be established once the tender process is complete.
The cost of providing security for the 58 units is a matter for DCC and/or the current owners (the receiver). The acquisition, refurbishment and future allocation of the units is ultimately a matter for DCC.