Newstalk - Distressed property auction called off after protests

Distressed property auction called off after protests

AUDIO: Proceedings cancelled after anti-British protesters entered hotel

Distressed property auction called off after protests
Author image
Louise Kelly
11:25 Thursday 4 July 2013

The latest Allsop Space distressed properties auction has been cancelled because of a group of protesters. Over 120 properties including the Excise Building in the IFSC in Dublin were due to come under the hammer at the auction in the Shelbourne Hotel in Dublin.

Reports say there were racist tones in the chants of the protestors. The protests seemed to relate to two or three particular properties and also against a UK-based auction house trying to sell repossessed properties.

Among the lots were 33 houses and 26 apartments as well as a housing development and three apartment blocks. There were also 40 commercial property lots, including a shopping centre, with combined reserves totaling €12.1 million.

Bidders began leaving as protestors chanted

However the proceedings have been called off after protesters entered the hotel. The group had gathered outside the former headquarters of Anglo Irish Bank and Gardaí are at the scene.

Carol Tallon is author of Irish Property Buyers Handbooks and was at the auction.

She says there are always a number of protestors at the auctions. But that there was a larger number of them today which took quite a racist tone.

comments powered by Disqus
  • newstalk.com image

    How Ireland would look after a 70m rise in the sea level

    newstalk.com image

    FEATURE: It was Paul Cahill's dream to be on the Late Late Toy...

    newstalk.com image

    The Paper Review: Who wants to give Ivan a 'slap'?...

    newstalk.com image

    VIDEO: Universal Social Charge is here to stay - Michael Noonan

    newstalk.com image

    VIDEO: Is this the worst toy ever demonstrated on the Late Late Toy...

    newstalk.com image

    Newstalk presenter Chris Donoghue criticises BAI decision as...

    newstalk.com image

    Ireland's best tourist towns are named

    newstalk.com image

    Australian rugby team release statement about damage to Aviva...

    newstalk.com image

    Mary Lou McDonald: If Joan Burton slurs me, she will be challenged

    newstalk.com image

    On the brink: Kenny warned army may have been needed to protect...

  • newstalk.com image

    Humphreys missed kick crucial as Munster hold on

    newstalk.com image

    VIDEO: Van Gaal's had a bit of a dig at Man United's...

    newstalk.com image

    'I text him every so often' - BOD on mentoring Henshaw

    newstalk.com image

    Keane wasn't Villa's bedrock yet, but we're tipping...

    newstalk.com image

    Brian O'Driscoll recalls sharing the '09 moment with Jack...

    newstalk.com image

    BLOG: Munster v Ulster and BOD Friday

    newstalk.com image

    McIlroy well placed to strike in the Australian Open run in

    newstalk.com image

    VIDEO: Martin O'Neill sheds more light on Keane's Villa exit

    newstalk.com image

    VIDEO: 'It's a weird one' - Aston Villa ambassador Ian...

    newstalk.com image

    Aston Villa deny Roy Keane bust up rumours