Housing

Owner left 43 homes empty for two years to avoid rent caps and sell for higher price

Woodbine House in south Dublin was listed for sale at €24 million with potential for rent of €1.47 million per year

Woodbine House Stillorgan: a residential complex made up of 35 apartments and eight townhouses. Picture: Fergal Phillips

The owner of a residential block in south Dublin left a complex of 43 houses and apartments empty for two years in order to remove rent caps on the homes and sell them for a higher price to an investor.

Woodbine House, based on the Stillorgan Road, is a residential complex made up of 35 apartments and eight townhouses. Land registry records show it is owned by Nilands Limited. David Niland, who is also a ...