Exit From Eden



You may recall how, last Tuesday, RTÉ Radio One journalist Brian O’Connell reported that Grant Thornton had sent letters to 35 tenants in the Eden residential complex in Blackrock, Cork, in January – informing them that they had to leave their property by last Friday, March 18 – as the receiver intends to sell the properties.

The notices to leave were sent after the residents’ rent was increased by 25 per cent last July.

The Eden complex has around 300 units while Grant Thornton controls 127 in total.

It’s understood 20 of the 35 homes have been vacated.

Further to Mr O’Connell’s report last Tuesday, a letter was sent out last Friday by Grant Thornton to the tenants in the receiver’s remaining properties in Eden.

Mr O’Connell reported:

“The letter references the recent media coverage, it confirms that the initial 35 units are still to be sold but, crucially, in relation to the remaining properties, Grant Thornton now say that there will be no more sales in 2016, so it will be 2017, at the earliest, before any of the other properties are sold…They say, it’s the intention now of Grant Thornton to sell the remaining properties with the tenancies in place. It says in the letter, “please be assured that your tenancy is not affected”… It’s obviously good news for the remaining tenants in the 90 or so units who were very concerned.”

However, Celso Lemos, a Brazilian father-of-two, who had lived in Eden for five years and recently moved out after receiving notice to leave in January, told Mr O’Connell:

“The residents who are staying in Eden at the moment were waiting for an eviction notice this year. Apparently they heard that no further notice will be issued… We got no letter telling us, ‘stay calm, you’re sale is going to happen at a certain time of the year’. We were not told that we could stay in our property, we were just told that you must leave. So it’s already a change from what we had. However it’s too late for us. I have moved out, along with another 20 families, and there are still a few families in the area waiting to see whether they will get an extension.”

Meanwhile, in a statement, a Grant Thornton spokesperson explained the proceeds earned from the sale of the 35 Eden properties will be used to build more properties in the development:

“The instruction as Receiver encompasses a total of 127 units plus undeveloped land within the wider Eden scheme. In response to market demand, the Receiver now plans to sell the units located at the Eden complex. The proceeds of the planned sale of these units will be utilised to fund further development of new residential housing on the Eden site. The undeveloped site has capacity to facilitate more than 100 new dwellings.”

Previously: Meanwhile In Cork

Pic: Brian O’Connell

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4 thoughts on “Exit From Eden

  1. Nice Jung Man

    I love that instinct for growth slogan

    That’s why I’m not that rich – I just don’t know how to come up with that sort of stuff.

    1. dylad

      ‘that rich’ , so you are rich but not as rich as Grant Thornton. You must have some half decent slogans in you so.

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