The Sunday Business Post reports that sixty families in the Cruise Park area of Tyrellstown, West Dublin, have recently received notice to quit their rented homes.
Property firm Twinlife issued the notices after a Goldman Sachs vulture fund bought an €89m loan from Ulster Bank on the Cruise Park development granted to the owners of Twinlife.
The €89 million loan was one element of Ulster Bank’s major portfolio of development loans that the Goldman Sachs fund bought.
More than two hundred houses in Cruise Park are likely to be sold as part of the deal, meaning that all of the families living there – some of whom have lived in the development for up to ten years – will have to find somewhere else to go.
Fianna Fáil Finance spokesman Michael McGrath warned;
“we are going to see more of these developments in the months ahead unless concerted action is taken.”
Sinn Féin Dublin West councillor Paul Donnelly has called on Twilife to;
“assure their tenants that they will not move to evict anyone who cannot find alternative accommodation”.
With the homeless crisis in Ireland so highlighted in the run up to the general election, we really hope the focus can remain on preventing the displacement of any more families.
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