Mick Barry (Cork North Central, Solidarity) | Oireachtas source

I will focus on the content of the Bill. There are families being made homeless here. At Leeside Apartments, on the corner of Grattan Street and Bachelors Quay, 70 households have received notices to quit with the reason alleged to be substantial refurbishment and renovation. These apartment blocks were sold earlier this year. The property piece in the Irish Independentsaid that the rental income is currently €676,000 and could be increased to €970,000. The apartments were bought by the Larea Fa Fund II DAC. It has two directors. In respect of one of them, 24 of his 25 directorships are based in a building in Molesworth Street. All 12 of the other directors are based there. That Molesworth Street building is the home of 593 companies which leads me to think we are looking at a vulture fund-style operation here.

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