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South Dublin Apartment Owners Must Pay €10m to Correct Defects

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.

 

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A Nama spokesperson confirmed that the organization was not involved in Beacon South Quarter residential property.

Apartment owners will be asked to approve the changes in a vote at a management company annual general meeting next month. Some owners tried to galvanise others to oppose the intend levy to cover building correction costs.

Aoife Culleton said that there was no way the owners could afford the anticipated €1.1 million repair costs for water damage and the estimated €9.1 cost to comply with fire regulations.

She did not discuss the situation in depth, saying that she wanted to contact other apartment owners and reach a consensus on how to continue. The hope was that other owners, alerted by social media, would attend a recent meeting in the concierge office. Nearly 50 owners attended.

Ms Cullen said that residents could barely afford the management fees, which varied between €1,500 and €3,500 a year depending on apartment size.

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