A DEVELOPER has brought a legal action against the trustees of the Irish Coursing Club aimed at enforcing an alleged agreement for the sale of the club’s interest in lands adjoining its premises in Clonmel, Co Tipperary.
Greenband Investments claims that if it cannot show title to the lands at Davis Road, Clonmel, a planned €31 million retail development in the area will be in jeopardy.
Ms Justice Mary Finlay Geoghegan yesterday admitted the proceedings by Greenband, Mount Kennett House, Henry Street, Limerick, to the list of the Commercial Court.
In its action, Greenband claims it made a written agreement with the ICC trustees in March 2008 to buy the lands at Davis Road, Clonmel, for a sum of €100,000 and had paid a deposit of €10,000.
Under the agreement, it says it entered on to the lands and carried out certain excavation works costing some €75,000 adjacent to the ICC’s own premises and that the ICC had agreed to those works.
It claims that, on April 28th last, the defendants had written to Greenband’s solicitors saying they had decided not to proceed with the land sale and asking Greenband to cease its works and reinstate the lands.
Greenband claims the ICC has been aware at all times the purchase of the lands was part of a larger scheme of development by Greenband. It claims the agreement with the ICC was entered into with the intention of facilitating the development scheme.