DDDA said glass bottle deal would yield €180m

The DDDA told the government that the ill-fated purchase of the Irish Glass Bottle Company site in 2006 in Dublin would yield a return of €180 million.

Ian Kehoe - avatar

Ian Kehoe

25th May, 2013
The Irish Glass Bottle Company site in Ringsend, Dublin. Photo: Tony O'Shea

The Dublin Docklands Development Authority (DDDA) told the government that the ill-fated purchase of the Irish Glass Bottle Company site in 2006 in Dublin would yield a return of €180 million.

The claim was made by the DDDA as part of its efforts to convince the government to increase the agency's borrowing limits to allow them to participate in the deal.

The agency told the government in correspondence that it anticipated a commercial return of 15...

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