A company behind a €100 million redevelopment plan for the Stillorgan Leisureplex in Dublin has failed to get a High Court injunction giving it vacant possession of the premises from its tenant.
KW Investments Funds ICAV claimed it would suffer a loss of €400,000 per month due to the delay in getting on site to start work on the project because Lorgan Leisure, which runs what was formerly known as the “Stillorgan Bowl” leisure centre, is refusing to give up possession.
Lorgan said it is entitled to a new lease on the property under landlord and tenant legislation. It claimed KW’s injunction application was an “ill-conceived attempt” to circumvent that legislation and the matter should be left to the Circuit Court which deals with landlord/tenant disputes of this nature.
On Friday, Mr Justice Denis McDonald dismissed KW’s application. He also stayed KW’s Commercial Court proceedings in relation to the matter