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The former Techrete site at Howth Harbour, bought at the peak of the property boom by the crisis-hit Glenkerrin Group, will not return to the market any time soon for fears of only making a fraction of the original cost.
The Irish Times reports that Glenkerrin Group's extensive property portfolio is now under day-to-day management by receivers at Grant Thornton, which is devising an asset management plan with NAMA and estate agents Hooke & MacDonald.
However the 6.5-acre former concrete factory, purchased in 2007 for a total of €62 million, will not be one of those sites put back on the market, as it is expected to only make €10 million today.
Architect Duignan Dooley is currently awaiting planning permission for a development of 250 apartments with a mixture of shopping, offices, leisure and a community centre for the site, adjacent to Howth village.
But there is no indication of when construction might start on the scheme should it be given the go ahead.

The former Techrete site at Howth Harbour, bought at the peak of the property boom by the crisis-hit Glenkerrin Group, will not return to the market any time soon for fears of only making a fraction of the original cost.

The Irish Times reports that Glenkerrin Group's extensive property portfolio is now under day-to-day management by receivers at Grant Thornton, which is devising an asset management plan with NAMA and estate agents Hooke & MacDonald.

However the 6.5-acre former concrete factory, purchased in 2007 for a total of €62 million, will not be one of those sites put back on the market, as it is expected to only make €10 million today.

Architect Duignan Dooley is currently awaiting planning permission for a development of 250 apartments with a mixture of shopping, offices, leisure and a community centre for the site, adjacent to Howth village. 

But there is no indication of when construction might start on the scheme should it be given the go ahead.

Published in Waterfront Property

About the TP52 Racing Yacht

The TP52 racing yacht is a remarkable example of cutting-edge technology in the world of competitive yachting. Measuring 52 feet (15.85 metres) in length, this vessel is constructed entirely from carbon fibre, making it an incredibly light and agile craft.

The TP52 features a 6.25-metre high rig, complete with a fractional asymmetrical spinnaker and a self-tacking jib. This design reduces the workload of the crew, allowing for more efficient manoeuvres and freeing up the crew to focus on the mainsheet upwind and on two-sail reaches.

The spinnaker rigging set-up, measuring 15.00 m2, presents a challenge to even the most experienced crews, requiring them to be fit and perfectly coordinated. Maneuvering the boat requires athleticism due to the vessel's lack of inherent stability and the high speed generated by the fully battened mainsail and jib.

The TP52's hull is constructed of fibreglass-reinforced polyester in a foam sandwich layout, resulting in a weight of just 74kg. The fully battened mainsail and jib are made from a transparent Mylar laminate with orange or red Dacron trimming, while the spinnaker is manufactured from ripstop Nylon.

The mast is made up of three parts, featuring an aluminium bottom and middle section, with a polyester-fibreglass composite tip to increase mast bend and decrease overall weight. The capsizing moment, which can be generated by a heavy mast tip, is also reduced through this design. The TP52's foils are constructed from either aluminium or fibreglass, depending on the specific requirements of the vessel.

Overall, the TP52 racing yacht is an exceptional example of the latest advancements in yacht design and technology. Its lightweight construction, advanced rigging, and high-speed capabilities make it a top contender in the world of competitive yachting, challenging even the most skilled and experienced crews.