Dunnes cannot fit Point anchor until seven other tenants secured
A High Court decision means Dunnes Stores has to fit out its anchor store at Dublin’s Point Village only after seven other tenants are secured for the development.
Ms Justice Mary Laffoy yesterday delivered her detailed judgment on issues raised in the action by businessman Harry Crosbie’s Point Village Developments company against Dunnes over the failure to fit out the anchor store. The matter has been adjourned for a week to allow both sides time to consider the implications of the judgment.
The case arose from agreements of February 2008 between Dunnes and Point Village Developments for the building and operation of a flagship store at the site.
The agreements originally involved Dunnes paying €46 million, plus VAT, for certain works but disputes later arose between the parties. A settlement agreement of July 2010 included the €46 million sum being reduced to €31 million.