Downturn stalls plan for €120m printer site

A plan for a €120 million development of apartments and offices near Dublin city centre has stalled because of economic uncertainty.

6th September, 2008

A plan for a €120 million development of apartments and offices near Dublin city centre has stalled because of economic uncertainty.

The project, on the former Cahill Printers site on East Wall Road, is backed by clients of stockbroker Davy and by building firm Pierse, which bought the site for €32 million last year. Davy raised €14 million from its clients, Pierse provided €2 million and the balance was made up of debt.

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