600 people who own apartments at Beacon South Quarter in Sandyford, south Dublin, may be forced to pay over €10 million to correct fire safety issues and other structural defects in their residences.
Apartment owners at the Beacon development are affected by defects, which, according to a fire consultant’s report, include several fire safety problems.
BSQ Management Company Ltd. is asking those who own apartments in A, B, C, and D blocks to contribute €9.1 million into a fund for fire correction works, while those living in blocks A and D are being requested to contribute over €1 million for water damage.
Jeremy Gardner and Associates Fire Consultants completed a report finding a high number of fire safety issues which varied in severity. They found that all the fire doors required remedial work and the alarm failed to reach necessary decibel levels. None of the problems, however, made the blocks dangerous enough to warrant evacuation under fire regulations
A report by Scott Murphy, surveyors, found that the €1.015 million that residents were asked to contribute for water damage could go up to €13.5 million between insured and uninsured costs.
Josepha Madigan, local Fine Gael TD, said she understood that the final cost of all necessary work could become €20 million.
She stated that residents were perturbed over being asked to pay for a failure to adequately provide for fire safety or water infiltration in their buildings.
Beacon South Quarter was constructed in 2005, when two-bedroom units were selling for up to €450,000. Landmark Enterprises, the developer, went into receivership five years later, but in 2012 Nama provided a loan of €10.3 million and work was completed in 2014.