RTE in Crisis

RTÉ must give LDA first refusal on any sale of Montrose lands

Property experts say land would likely fetch less than €100 million if the valuation was based on potential affordable housing

Montrose: if bought by the LDA, the land would likely be worth less than €100 million to RTÉ

RTÉ will be forced to give the state’s Land Development Agency (LDA) first refusal on the purchase of its Montrose headquarters, severely limiting its chances of earning hundreds of millions of euro from the land.

The Business Post can reveal that RTÉ bosses have been told by the LDA in recent days that they must give it the chance to buy the land.

With RTÉ needing a bailout of up to €55 million this year, ...