Outrage as Beacon residents hit for €30m over planning failures
South Dublin apartment owners have been left infuriated as they face a bill of up to €30m, which will "unfairly penalise them for the planning of others".
Apartment owners at Beacon South Quarter in Sandyford have received a letter outlining a bill of up to €30m to be presented to them at an upcoming AGM on February 6.
It is in relation to damage caused by water issues and to fire safety structures that need to be remedied in the building.
The apartment owners are "being presented with astronomical charges to rectify structural issues affecting the homes that they purchased," said Fine Gael TD Josepha Madigan.
"The costs arise from a failure to provide to sufficient water ingress and fire safety structures in the original construction of the residential development," said Ms Madigan.
"Over the weekend I was contacted by a number of concerned residents of the Beacon South Quarter apartments.
"These homes were purchased in good faith by many people at inflated Celtic Tiger prices.
"They are now being asked to pick up the tab for poor planning that failed to adequately provide for damage to the building from water issues or fire safety," she added.
Ms Madigan said a solution "similar to those struck for residents of Priory Hall and Longboat Quay" should now be considered.
"We must arrive at a solution that does not unfairly penalise residents for the poor planning of others", she said.
One resident, who wished to remain anonymous, said residents were "feeling helpless".
"I've got a knot in my stomach ever since I read that letter. It was out of the blue," they said.
"Luckily I have not been affected by the water damage but my heart goes out to those who have.
"I wasn't aware though about an upcoming fire audit, of which there is scant information about in the letter.
"In the letter it just said the management company will be collecting €9m in 2017 for the fire issues.
"You're just left scratching your head," the resident said.
"I bought my apartment in 2006 before the boom and after paying my mortgage and management service fees this is the last thing I wanted."
Fine Gael councillor Emma Blain said: "it's not very fair at all".
Aramark Property, which acts as an agency for the managing company, and Dun Laoghaire-Rathdown County Council did not offer a comment when contacted by the Herald.