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Tuesday, May 21, 2024

The proprietor of Dublin’s Market Bar has alleged that the property was underestimated by Sherry FitzGerald, a well-known estate agents

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Mark Conan, the owner of Dublin’s Market Bar and an adjacent premises, has taken his case to the High Court. He claims that Sherry FitzGerald undervalued the city centre property in order to meet loan-to-value (LTV) requirements of his lender, and that he suffered a loss of nearly €841,000 as a result. The auctioneers deny this claim.

Mr Justice Mark Heslin heard the case, in which Mr Conan alleges that Sherry FitzGerald placed a €1.68 million valuation on the Fade Street properties when they were actually worth €2.4 million. Conan claims that due to the shortfall of €310,000 he had to sell some investments and convert Sterling cash balances in order to meet Vesta’s LTV requirements.

Sherry FitzGerald then applied to have the case dismissed on the grounds of delay. They argued that the delay had prejudiced their business and caused damage to their reputation, but Mr Justice Heslin found no evidence to support this. He took the view that any prejudice felt was minor, and that a fair trial was still possible.

Therefore, Mr Conan’s application was refused, and the case is continuing.

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Lisa
Lisa
Lisa is a skilled writer with a huge passion for journalism. With a talent for storytelling and a deep understanding of current events, she has quickly become a respected journalist in the industry. Lisa's articles are always well-written and thought-provoking, and she has a knack for finding the most interesting angles on any story. She is known for her ability to connect with her readers and engage them in the issues that matter most. Lisa is a dedicated journalist who is passionate about making a positive impact through her writing. When she's not working, Lisa enjoys hiking, yoga, and spending time with her loved ones.

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