Hollywoodrath, Hollystown, Dublin 15

Hurrache · 26-09-2018 2:26pm

They're still only doing ground works, it'll be a while before they go on the market I'd say.

Shefwedfan · 26-09-2018 6:05pm

Hurrache wrote: »

They're still only doing ground works, it'll be a while before they go on the market I'd say.

Foundations in....

They have a estate agent, I contacted a while ago and put my name down. I cant find email now. Will check and come back

Shefwedfan · 26-09-2018 6:08pm

Boom....found it

Priestown is name of estate

> Thank you for your email. There will be 19 houses in this development. As of yet pricing and release dates have not been confirmed. When we have everything confirmed we will be sending out a pack with information. It will be the end of September when a show house will be opened. If you like when all details are confirmed I can forward them onto you?
>
tormeylee@dng.ie

rongeremy · 27-09-2018 10:07am

Reckon they'll be high end houses.

Shefwedfan · 27-09-2018 10:57am

rongeremy wrote: »

Reckon they'll be high end houses.

No idea....I think it mentioned on sign 3,4,5 bed houses

Nijmegen · 27-09-2018 11:17am

rongeremy wrote: »

Reckon they'll be high end houses.

There's a few high end, small number developments going on out that way. This 750k development for example a little further out past Kilbride. Nicer to see than single houses on big plots, in one sense. Country living, housing estate life...?

rongeremy · 27-09-2018 12:38pm

Nijmegen wrote: »

There's a few high end, small number developments going on out that way. This 750k development for example a little further out past Kilbride. Nicer to see than single houses on big plots, in one sense. Country living, housing estate life...?

Very nice - serious poke.

Hypnoticca · 27-09-2018 10:38pm

Hey, MC Peake agency sent us an email saying that there is no release planned this year.
The next release of three and four bedroom semi detached properties will now take place in early 2019.

rongeremy · 02-10-2018 9:20am

Well that's that.

advertsfox · 09-10-2018 12:51pm

Hey folks - I have read through this thread multiple times the last few months while we were waiting to go for one of these houses, got a great bit of information out of it I must say! My wife and I secured a 4 bed at the end of August and signed off on our contracts last week. I emailed KnightFranck today about the MDY Construction issue and has been told the following:

Regency, the development managers of Hollywoodrath, have advised that they were informed that an examiner had been appointed to MDY Construction Ltd., who were the building contractor previously on site in Hollywoodrath.

Regency then made a decision to appoint a new building contractor to complete the construction programme on site in order to minimise any delay to the completion of construction on site.

The new building contractor is in the process of reviewing MDY’s previous building schedule and will submit their updated completion timeline’s for all the remaining units in the next 10 days.

We do not anticipate the completion timeline for your unit should be affected as it was proposed for a February / March completion date but the units sold previously with completion dates before the end of the year may need to be altered.

I will let you know if there are any further updates provided for your house in the coming weeks.

So we'll know more in the next 2 weeks but looks to be no delay affects to our new build. This explains why the proposed 48 houses to be released initially was cut down to 10 (4 and 5 beds only - we got 1 of the 2 remaining A1 builds).

rongeremy · 09-10-2018 3:59pm

Yep this is correct. I know of a family who sold in Tyrrelstown and signed contracts on a new house that is built and was due for completion last month.

They don't know yet when they will get access to the house because the roads around it are not complete to any degree.

Crazy carry on. Apparently MDY's previous debt was called in by a Vulture fund so the events of 10 years ago are still causing a hangover today.

Shefwedfan · 09-10-2018 4:48pm

rongeremy wrote: »

Yep this is correct. I know of a family who sold in Tyrrelstown and signed contracts on a new house that is built and was due for completion last month.

They don't know yet when they will get access to the house because the roads around it are not complete to any degree.

Crazy carry on. Apparently MDY's previous debt was called in by a Vulture fund so the events of 10 years ago are still causing a hangover today.

The stories that come out.....

Nothing to do with vulture fund.

MDY won a contract, but they messed up the price and got it 5 million out, no wonder they won it :-) .......they went back trying to get the 5 million but it was contract so couldnt get out of it.....

They packed up because they owed the sub contractors a load of money, so instead of paying out they go bankrupt, paying the director of course first, and then the sub contractoris left to pick the bones and try and get a few quid

rongeremy · 10-10-2018 9:25am

Shefwedfan wrote: »

The stories that come out.....

Nothing to do with vulture fund.

MDY won a contract, but they messed up the price and got it 5 million out, no wonder they won it :-) .......they went back trying to get the 5 million but it was contract so couldnt get out of it.....

They packed up because they owed the sub contractors a load of money, so instead of paying out they go bankrupt, paying the director of course first, and then the sub contractoris left to pick the bones and try and get a few quid

The stories in fairness are varied and all contained in here:

https://www.independent.ie/irish-news/courts/company-building-hundreds-of-social-homes-insolvent-37339535.html

Specifically the one I heard in person is covered by this one: "and due to historic debts caused by its decision in 2006 to acquire certain development sites."

I believe from what I was told that those loans were called in by a vulture fund - could be completely rubbish but certainly sounds plausible.

Nijmegen · 10-10-2018 9:46am

rongeremy wrote: »

The stories in fairness are varied and all contained in here:

https://www.independent.ie/irish-news/courts/company-building-hundreds-of-social-homes-insolvent-37339535.html

Specifically the one I heard in person is covered by this one: "and due to historic debts caused by its decision in 2006 to acquire certain development sites."

I believe from what I was told that those loans were called in by a vulture fund - could be completely rubbish but certainly sounds plausible.

I just don’t get why folks call it a “vulture fund”.... MDY owners got greedy during the boom, like many, and decided to dabble in land speculation alongside their strong core business. Years later they can’t service the debt and it gets called in by whomever owns the loan. If you have a loan on a firm, pushing them to receivership is not a great solution if you can get 100% of your money out of them by just being patient.

But I digress. Sorry to hear about all the folks left hanging by this. Builders in many estates at the moment I know of where friends are moving in are pushing out and pushing out completion dates. One senses the old days of contractors working too many sites might be at play in the background. Obviously here not the case, but one hopes it doesn’t affect folks trying to get in with the new building contractor in play atop the MDY situation.

rongeremy · 10-10-2018 10:40am

Nijmegen wrote: »

I just don’t get why folks call it a “vulture fund”.... MDY owners got greedy during the boom, like many, and decided to dabble in land speculation alongside their strong core business. Years later they can’t service the debt and it gets called in by whomever owns the loan. If you have a loan on a firm, pushing them to receivership is not a great solution if you can get 100% of your money out of them by just being patient.

But I digress. Sorry to hear about all the folks left hanging by this. Builders in many estates at the moment I know of where friends are moving in are pushing out and pushing out completion dates. One senses the old days of contractors working too many sites might be at play in the background. Obviously here not the case, but one hopes it doesn’t affect folks trying to get in with the new building contractor in play atop the MDY situation.

If your debt is sold to a vulture fund, they are never as reasonable as your bank and can call in the debt at any time. Whatever word suits, its the same thing. Their debt was called in.

Hurrache · 10-10-2018 12:27pm

rongeremy wrote: »

If your debt is sold to a vulture fund, they are never as reasonable as your bank and can call in the debt at any time. Whatever word suits, its the same thing. Their debt was called in.

Don't know what the figures are for commercial loans, but the banks have sought more repossession orders than funds.

Shefwedfan · 10-10-2018 1:34pm

rongeremy wrote: »

If your debt is sold to a vulture fund, they are never as reasonable as your bank and can call in the debt at any time. Whatever word suits, its the same thing. Their debt was called in.

People really don't know what a vulture fund is do they?????

Stop listening to Ruth Coppinger and her crowd of gobsh*ts

Nijmegen · 10-10-2018 1:37pm

rongeremy wrote: »

If your debt is sold to a vulture fund, they are never as reasonable as your bank and can call in the debt at any time. Whatever word suits, its the same thing. Their debt was called in.

Yes, but why do debts get called in? That tends to be the bit people gloss over. It typically gets called in because it's non-performing, ie they're not making their contracted repayments. You don't believe as the lender that you will get your money back and the only way to do so is push the firm over the edge and let a receiver sort it out and get you a % of the face value of the loan.

If MDY were operating a sustainable business, they could refinance. The issue is that they're just another greedy victim of the crash. There were businesses in totally unrelated fields to property or land speculation using their cashflow to fund loans in the area that also went to the wall, with owners cribbing about the unfairness of it all. A key lesson in business is, stick to your core area of what you're good at.

Anyways, with some luck whomever gets the contract for the estate will just re-employ a lot of the people working here in the first place; assuming the buoyant market for construction hasn't already sucked them all into other estates.

rongeremy · 10-10-2018 2:18pm

Shefwedfan wrote: »

People really don't know what a vulture fund is do they?????

Stop listening to Ruth Coppinger and her crowd of gobsh*ts

OH FFS :cool:

Shefwedfan · 10-10-2018 2:25pm

rongeremy wrote: »

OH FFS :cool:

Explain?

Based on a lot of comments people have no idea what a vulture fund is and anything something happens in Ireland the finger is pointed in the vulture fund direction....

It's a load of propaganda sh*t with nothing to back it up

rongeremy · 10-10-2018 2:50pm

Shefwedfan wrote: »

Explain?

Based on a lot of comments people have no idea what a vulture fund is and anything something happens in Ireland the finger is pointed in the vulture fund direction....

It's a load of propaganda sh*t with nothing to back it up

I said their loans were called in and that was a factor (granted only one factor). That was rubbished so I backed it up with an article. That was rubbished too.

Its not different than a home owner who's under performing mortgage is sold on and called in, and sometimes a performing mortgage also.

I'm not making excuses for MDY, I'm simply affected by the screw-up.

Anyway, https://www.irishtimes.com/business/financial-services/small-firms-and-farms-at-risk-over-loans-sold-to-vulture-funds-watchdog-says-1.3436573 Ruth Coppinger you wagon :eek:

Gavin "shels" · 10-10-2018 4:30pm

Shefwedfan wrote: »

Stop listening to Ruth Coppinger and her crowd of gobsh*ts

Populists make the people listen.... unfortunately.

Shefwedfan · 10-10-2018 4:49pm

rongeremy wrote: »

I said their loans were called in and that was a factor (granted only one factor). That was rubbished so I backed it up with an article. That was rubbished too.

Its not different than a home owner who's under performing mortgage is sold on and called in, and sometimes a performing mortgage also.

I'm not making excuses for MDY, I'm simply affected by the screw-up.

Anyway, https://www.irishtimes.com/business/financial-services/small-firms-and-farms-at-risk-over-loans-sold-to-vulture-funds-watchdog-says-1.3436573 Ruth Coppinger you wagon :eek:

Loans didn't get called in. The initial issue happened when the scaffolding company got fed up waiting for payment and pulled all their scaffolding off MDY sites.....effectively shutting down all their sites......the Directors shut up shop in case they got asked too many questions....standard practise for a construction company in Ireland

You point to an article with a guy who is head of Credit Review??? so a clown that would have told everyone to take out loans before the bust....now its back to a but of boom and he is on the paper complaining because people are not taking out loans again?.....refering to a relationship with your local bank??? the only reason this mess ever happened was because of the banks.....plus most of the people I have seen getting kick out are by your lovely "local" bank.....

rongeremy · 11-10-2018 12:48pm

Shefwedfan wrote: »

Loans didn't get called in. The initial issue happened when the scaffolding company got fed up waiting for payment and pulled all their scaffolding off MDY sites.....effectively shutting down all their sites......the Directors shut up shop in case they got asked too many questions....standard practise for a construction company in Ireland

You point to an article with a guy who is head of Credit Review??? so a clown that would have told everyone to take out loans before the bust....now its back to a but of boom and he is on the paper complaining because people are not taking out loans again?.....refering to a relationship with your local bank??? the only reason this mess ever happened was because of the banks.....plus most of the people I have seen getting kick out are by your lovely "local" bank.....

I get it - everyone's a clown.

AndrewJRenko · 11-10-2018 9:30pm

Nijmegen wrote: »

If you have a loan on a firm, pushing them to receivership is not a great solution if you can get 100% of your money out of them by just being patient.

Do you not think the professional lenders, who's job is literally to lend money and get it back, have a better idea of whether a loan is every going to pay off or not? They're only going to push to receivership if/when this is the best financial option for them.

rongeremy wrote: »

If your debt is sold to a vulture fund, they are never as reasonable as your bank and can call in the debt at any time. Whatever word suits, its the same thing. Their debt was called in.

If your debt is sold to a vulture fund, your contractual terms and conditions as a borrower stay the same. The vulture fund have no more rights to call in your debt than your original lender.

Nijmegen · 11-10-2018 10:11pm

AndrewJRenko wrote: »

Do you not think the professional lenders, who's job is literally to lend money and get it back, have a better idea of whether a loan is every going to pay off or not? They're only going to push to receivership if/when this is the best financial option for them.

We’re in violent agreement - that’s precisely the point I was making.

Alanfitz151188 · 19-10-2018 2:51pm

Has anyone heard anything about new builders and Hollywoidrath site

kevincheung · 22-10-2018 11:04am

Alanfitz151188 wrote: »

Has anyone heard anything about new builders and Hollywoidrath site

I received an email from agents it's said

A new builder has been appointed in Hollywoodrath which will start construction soon.

advertsfox · 22-10-2018 3:19pm

Looks like the building has started back up, lots of activity / workmen about now with the cabins returning. Not sure who the new builder is?

advertsfox · 31-10-2018 4:01pm

New update at last from KnightFranck:

We are happy to inform you that we have received an update from Regency today to advise that the new building contractor, GEM Construction, who have been preparing for the past couple of weeks to take over on site, are now fully operational and active on site in Hollywoodrath.

They will be providing Regency with a construction completion programme for the units on Hollywoodrath Drive shortly and expect the first hand overs commencing approximately at the end of January 2019.

Regency will update us further once they have further insight into an expected handover date for your particular unit.

So all going to plan, we could be in ours by February.

kevincheung · 12-11-2018 7:56pm

anyone know what is the best school in 'hollystown'? thanks.

advertsfox · 13-11-2018 10:13am

kevincheung wrote: »

anyone know what is the best school in 'hollystown'? thanks.

I have my daughter in TETNS right across from Hollywoodrath, it's an excellent modern school and she loves it. That also being said, the surrounding schools are meant to be great as well. I'd recommend a new thread about them as your question might get a bit lost in here.

Hurrache · 13-11-2018 11:30am

kevincheung wrote: »

anyone know what is the best school in 'hollystown'? thanks.

There are none in Hollystown.

kevincheung · 13-11-2018 1:29pm

advertsfox wrote:

I have my daughter in TETNS right across from Hollywoodrath, it's an excellent modern school and she loves it. That also being said, the surrounding schools are meant to be great as well. I'd recommend a new thread about them as your question might get a bit lost in here.

thanks for the information,because I'll be moving to hollywoodrath next year, I decide my daughter change to school from ashtown education together, but I have a friend told me in tyrrelstown area is no good.

Hurrache · 13-11-2018 3:28pm

You friend probably just got all his mis-info from places like boards.ie.

kevincheung · 13-11-2018 3:58pm

Hurrache wrote:

You friend probably just got all his mis-info from places like boards.ie.

oh..I see.
that's great !thank you

advertsfox · 21-11-2018 10:40am

So got talking to a friend who works for Dublin Bus, the new routes planned with Bus Connects are a long way off but they have introduced a new 40E bus which will service Hollystown / Hollywoodrath and drop people off at Broombridge (to get train / Luas) leaving every 30 minutes.

https://www.dublinbus.ie/News-Centre/General-News/Introducing-Route-40e-Serving-Tyrrelstown-to-Broombridge/

Timetable - https://www.dublinbus.ie/Your-Journey1/Timetables/All-Timetables/40d1/

Shefwedfan · 21-11-2018 10:57am

advertsfox wrote: »

So got talking to a friend who works for Dublin Bus, the new routes planned with Bus Connects are a long way off but they have introduced a new 40E bus which will service Hollystown / Hollywoodrath and drop people off at Broombridge (to get train / Luas) leaving every 30 minutes.

https://www.dublinbus.ie/News-Centre/General-News/Introducing-Route-40e-Serving-Tyrrelstown-to-Broombridge/

Timetable - https://www.dublinbus.ie/Your-Journey1/Timetables/All-Timetables/40d1/

The buses are a bit strange at the moment. The one which used to start at the bus stop beside Hollywoodrath seems to have changed to start in Tyrellstown now.....

Hurrache · 21-11-2018 11:24am

Shefwedfan wrote: »

The buses are a bit strange at the moment. The one which used to start at the bus stop beside Hollywoodrath seems to have changed to start in Tyrellstown now.....

Only something like 2 buses a day started at Hollystown, it was an extension of the existing 40D that starts at the hotel.

The issue with the 40E route as outlined in the map above is that there's plans to close the road it uses between the hotel down the side of Hollywoodrath.

Shefwedfan · 21-11-2018 12:28pm

Hurrache wrote: »

Only something like 2 buses a day started at Hollystown, it was an extension of the existing 40D that starts at the hotel.

The issue with the 40E route as outlined in the map above is that there's plans to close the road it uses between the hotel down the side of Hollywoodrath.

That might explain, I was driving around Tyrellstown trying to catch the bloody thing one night:P

The 40E looks like a temp job, I would guess if nobody uses then it will stop. If people use it regular then it will continue......

Nijmegen · 21-11-2018 3:28pm

Hurrache wrote: »

Only something like 2 buses a day started at Hollystown, it was an extension of the existing 40D that starts at the hotel.

The issue with the 40E route as outlined in the map above is that there's plans to close the road it uses between the hotel down the side of Hollywoodrath.

They could just put a stop on the main road to the south of the swing roundabout. Or run the bus through the estate when the avenue opens up to the far side. They'll need to put in traffic calming in the estate once that thru road is open, regardless of what they do with closing that road. The road they're proposing to close is quite sharp and windy and I wouldn't be surprised if in future it's a hazard when there's brand new, well lit, wide roads with adequate footpaths etc nearby.

Hurrache · 21-11-2018 5:29pm

True, they could reroute it through Hollywoodrath, might make a bit more sense than sending it around the link road and then doubling back on itself. Although it's not yet a given that it will be closed.

kevincheung · 23-11-2018 1:55am

anyone know do I need to install water filter in hollywoodrath ?

Tom__jnr2 · 23-11-2018 7:42am

kevincheung wrote: »

anyone know do I need to install water filter in hollywoodrath ?

Water is rather on a soft side so no much scale builds up. We have it for drinking water, some ppl installed full system.

kevincheung · 23-11-2018 1:54pm

Tom__jnr2 wrote:

Water is rather on a soft side so no much scale builds up. We have it for drinking water, some ppl installed full system.

thanks !

Nijmegen · 23-11-2018 2:50pm

kevincheung wrote: »

anyone know do I need to install water filter in hollywoodrath ?

Some people have them in, systems from EWS and others. I'd say if you're descaling your machines regularly you'll be fine, it's not that hard, bout normal levels of limescale buildup. I had to clean out a shower head after 2 years of use as it was down to about 75% efficiency I'd reckon. But some folks do prefer to just not have the hassle at all.

kevincheung · 24-11-2018 2:50am

Nijmegen wrote:

Some people have them in, systems from EWS and others. I'd say if you're descaling your machines regularly you'll be fine, it's not that hard, bout normal levels of limescale buildup. I had to clean out a shower head after 2 years of use as it was down to about 75% efficiency I'd reckon. But some folks do prefer to just not have the hassle at all.

great !thanks for the information

Hollystown · 28-11-2018 8:48am

Tom__jnr2 wrote: »

Water is rather on a soft side so no much scale builds up. We have it for drinking water, some ppl installed full system.

Lol where is soft water in Hollywoodrath ? It’s very hard water...
I have skin problems after moving to Hollywoodrath! I lived in dundrum and I can say that The south has soft water but not north. You have to buy filter system, believe me!!

I have attached images of my checks.

1. Hollywoodrath 268PP after Limescale removal. Before filter I had 360PPM
2. Dundrum 85 PPM

https://www.ehow.com/info_8007599_degrees-hardness-ppm-hard-water.html More info

kevincheung · 28-11-2018 3:13pm

Hollystown wrote:

Lol where is soft water in Hollywoodrath ? Itâ€™s very hard water... I have skin problems after moving to Hollywoodrath! I lived in dundrum and I can say that The south has soft water but not north. You have to buy filter system, believe me!!

Hollystown wrote:

1. Hollywoodrath 268PP after Limescale removal. Before filter I had 360PPM 2. Dundrum 85 PPM

Hollystown wrote:

I have attached images of my checks.

thanks for information, which filter were you using ?only for sink water or for whole house ?

Hollystown · 28-11-2018 8:55pm

Whole house THE EWT 606 https://www.ewtechnologies.ie/ I used them.

Just remember this is only limescale removal it wont remove another minerals from water.

Hollywoodrath, Hollystown, Dublin 15

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