Zoe Group Managers Bid For Anglo Building?

A group of managers previously involved with Liam Carroll's Zoe Group are among the three parties bidding for the Anglo building in Dublin, the Irish Independent has reported.

The partially built block was one of a large number of properties owned by Liam Carroll's Zoe group of companies which collapsed into receivership and liquidation in 2009 with debts of €1.3bn.

According to the newspaper the other two bidders are understood to be Bank of New York Mellon and the Central Bank. A deal is expected to be announced in the coming weeks.


It was understood that the unfinished building at Dublin’s dockland would change hands for as little as €5m but sources have now said that new deals has seen NAMA asking for between €10m and €15m for the property.

Around €40m has already been spent on the Anglo building and it is estimated to cad and complete the building it will cost a further €68m

The iconic 230,000 sq ft shell of a building on the northside of the Liffey in Dublin's docklands has been untouched since 2008 when a legal battle erupted about the complex's planning permission, which was finally resolved in September 2010.

It is not yet known what the former managers of the Zoe Group wish to do with the building if their bid is successful.

Liam Carroll's Zoe Group also owned the half built Park Valley Centre in Limerick.

(LB/BMcC)