Dispute over 16 apartments and commercial units in Bray on sale for €5.1m heads to court
A row which threatens the sales of over 16 apartments and three commercial units on Bray’s Parnell Road for €5.1m is heading for the Commercial Court.
The dispute over Aubrey Court, which houses Cafe Ragazzi and Little Bunnines Montesorri, involves the former chief executive of the Windsor Motor Group, Michael Herbert and his wife, Paula, and the developer of the apartments, Paul Walsh, and his wife, Breda.
The Walshes claim they have a 50% share in the building arising from an agreement made in 2012, but the Herberts, in an affidavit to the Commercial Court, deny this, the Irish Times reports.
The properties are part of a larger proposed sale to LRC Europe for a total value of €8m but proceedings initiated by the Walshes in January have now placed this in jeopardy, Mr Herbert said in an affidavit.
Aubrey Court was developed by companies operated by Mr Walsh and of which he and his wife were directors.