Wednesday June 3, 2020

Rival consortiums vie for control of the Vaults

Coyle and Lagan in bidding war over visitor centre

26th August, 2018
and Gerald Heffernan, creative director of the Vaults Picture: Lorraine O’Sullivan

A fierce battle has broken out between two wealthy consortiums to take control of the Vaults, a new multimillion-euro tourist attraction in Dublin city centre.

The company behind the venture, Frontier Entertainment Ltd, went into examinership last month amid cashflow concerns just months before it was due to open. It has now emerged that the Lagan family, who sold their construction businesss, the Lagan Group, in April for €526 million, are bidding to rescue the...

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