NAMA authorises demolition of Longford apartment block
The National Asset Management Agency (NAMA) has approved plans to demolish a derelict apartment block at an estate in Ballyminion in County Longford.
According to the agency, the site, Gleann Riada on the Strokestown Road, Ballyminion, is currently being prepared for demolition and the work will occur over a period of about three weeks.
According to the agency, the demolition only affects the derelict apartment block and does not impact on any other unit in the estate.
In total there are 90 houses in the estate and none are affected by this decision, said the agency.
The apartment block comprises 12 units, none of which have been sold and which have fallen into disrepair.
Longford County Council will oversee the demolition of the derelict apartment block, with NAMA financing the work. Lisney is acting as property receivers for the estate on behalf of NAMA.
“NAMA is involved with a relatively small number of so-called Ghost Estates - about 10 per cent - and our priority in those where we do have an interest is first-and-foremost to make them safe for residents," said a spokesperson for NAMA.
"Where it is uneconomic to finish out an estate or a part of an estate or if the Local Authority deems it to be structurally unsafe, we will invest our resources in demolishing the relevant structure and ensure that it is made safe for other residents. This will benefit residents of those estates and make the estate safe from a Health and Safety perspective."
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