Thursday, December 13, 2007

Compensation to Jackson Way Properties

http://en.wikipedia.org/wiki/D%C3%BAn_Laoghaire-Rathdown_County_Council

Compensation to Jackson Way Properties
Agreement
[1], subject to confirmation of ownership, was reached on compensation to be paid by Dun Laoghaire-Rathdown County Council to Jackson Way Properties in the sum of €12,860,700 for the compulsory purchase in October 1998 of its freehold interest in the lands (subject to certain wayleaves and rights of way), adjoining the route of the South Eastern Motorway Scheme (M 50). The Council agreed to pay costs and expenses properly incurred by Jackson Way Properties in relation to preparation and submission of its claim.
The Award total is broken down as follows;
Land Taken €9,691,000
Injurious Affection €2,296,700
Disturbance €873,000
It is now the view of the
Criminal Assets Bureau that €4.2 million of this award represents the present value of corrupt enrichment by the property owners.
A company called Paisley Park Investments Ltd were registered as full owners in 1992 and the land was transferred to Jasckson Way Properties in 1993, the beneficial owners of which are believed by the CAB to be arcade owner James Kennedy and solicitor John Coldwell.

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