DLR Properties Ltd brought proceedings against RGRE Devco 4 Ltd and Ronan Group Real Estate Ltd. File photograph.A dispute over a €35 million office plan for Cherrywood, south Dublin, between companies in the Johnny Ronan group has been referred to arbitration by the president of the High Court.
DLR, a wholly owned subsidiary of Dún Laoghaire Rathdown Council, also seeks damages for alleged slander of title and defamation over statements from the Ronan Group website which state or imply the defendants have any legal or equitable title or interest in the planned office site. The planned office site is 1.3 acres of an overall 13.3 acre site in Cherrywood, 12 acres of which is zoned for town centre development.
DLR, which is trying to sell the office site, says the defendants breached that obligation and have made false statements which will cause serious concern among prospective bidders and frustrate or delay any sale.Smurfit Kappa shares jump on news of S&P 500 inclusion after merger