The Irish Independent reports that the National Asset Management Agency, the Sate body setup in the aftermath of the property price crash at the end of the Celtic Tiger, has disposed of its last Dublin Docklands interest – a leasehold interest on a property adjacent to the Grand Canal Dock. The buyer of this property is none other than the freehold owner – Waterways Ireland.
I fear that WI may be trying to follow the CIE model of being a property development company with the inconvenience of a linear transport network attached. Having said that, there is a fine site for house boats in Clones – I could see WI getting into the international protection accommodation market by setting up something similar to these on the marina in Clones.
The spending by the occupants would bring economic development to Clones – after all, wasn’t that the plan?