Dunnes tells court Point Village money hinges on ‘high-class tenants’
Court of Appeal reserves decision on hearing as part of ongoing case between Dunnes Stores and Point Village Development Ltd (PVDL)
Print28 April 2017
Dunnes Stores’ legal representative has told the Court of Appeal that it should only have to release €15 million for the Point Village Centre in Dublin, after “high class” tenants have been secured for the centre’s other units.
The Irish Times reports Dunnes had anticipated the Point Village would be “more like Dundrum Shopping Centre than Nutgrove [Rathfarnham]”.
Martin Hayden SC, for Dunnes told the court that high-class does not include ‘pop up’ outlets such as e-cigarette or barber shops.
The court was hearing an appeal against the High Court’s refusal to order disclosure of certain documents to Dunnes for its defence of an action by the receivers of Point Village Development Ltd (PVDL).
According to the receivers, €15 million is due under a 2010 settlement between Dunnes and PVDL.
However, neither Dunne’s original agreement nor the 2010 settlement used the words high-class tenants. Dunnes seems to have interpreted this by references to “first-class” developments like Eyre Square in Galway and Dundrum Shopping Centre.
The Irish Times reports the Court of Appeal has reserved its decision on the case.
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