Receiver of Citywest complex suing over alleged failure to complete purchase

A receiver appointed over the Citywest hotel, conference centre and golf course development in Dublin is suing a company over alleged failure to complete the purchase of the complex for some €28 million.

Martin Ferris, receiver of certain Citywest assets held by HSS (in liquidation), Jeffel (in receivership), Rattler Ltd and Citywest Resort Ltd, wants orders requiring CW Hotel Investments 2013 Ltd, Westland Square, Dublin, to complete the purchase.

The case was transferred to the Commercial Court yesterday by Mr Justice Peter Kelly. The judge made directions for exchange of legal documents and returned the matter to this May.

In the action, Mr Ferris alleges that Fadi Gemayel of Broadwalk, London, had on October 18th last and acting in trust for CW (formerly Celleron Ltd), entered into a contract with the Citywest companies to buy the property.

The contract was to close on December 11th but CW failed, refused or neglected to complete the purchase, Mr Ferris claimed in an affidavit.