En bloc sale of Casino Apartments would impact Step-Down Accommodation stock

Casino Apartments MalahideAs the Malahide residents representative body, we’ve become increasingly aware of the lack of suitable step-down facilities in the greater Malahide area for our older residents, many of whom would be happy to trade down their family homes if suitable properties were available.

We’ve set up a Committee to examine methods to increase the housing stock available for step down and protect existing housing stock.

We’re concerned to learn that Gannon Homes Ltd, whose loans are controlled by NAMA, intend to sell off 37 Casino apartments en bloc to an investor. The effect of this would be to remove a significant lot of very suitable accommodation from this specific market.

We’ve written to NAMA to express our concerns and our support of the existing owners of apartments in the Casino in Malahide who are concerned about short term lettings and have been communicating their concerns to NAMA.

Read our letter to NAMA Casino Apartments – Malahide Community Forum – Feb 2020.

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