Ghost estate seized by creditors in bid to recover chunk of €250m

It's one of the most opulent ghost estates in Europe - but Clancy Quay in Dublin, home to many high-rise and high-spec apartment blocks, has now been seized by its banks.

Ian Kehoe - avatar

Ian Kehoe

11th August, 2012
The Clancy Quay development in Dublin 8: most of its 400 or so apartments lie empty. Photo: Maura Hickey

It's one of the most opulent ghost estates in western Europe. But Clancy Quay in Dublin, home to a string of high-rise and high-spec apartment blocks, has now been seized by its banks.

Danske Bank and Lloyds have appointed receivers over the development, built on the site of the former Clancy Barracks in Islandbridge, in an effort to recover some of the €250 million that they advanced to bankroll the project.

Paul McCann and Stephen...

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