3rd January, 2013
5th February, 2013
This used to be Miss Meredith’s school going back decades. Then a young woman with drive, vision and a love of children opened the International school and it seemed to attract young students in neat uniforms from different countries including Ireland. It gave heart to the Upper Baggot Street village, a heart and soul that once existed or so the lore goes but sadly it is now bereft and struggling.
One day we met the owner of the International School and she said they were closing down, no reasons stated but that they had re-located to Blackrock. Failing to question further, we assumed the preference for location was Blackrock but then if one thought a little deeper, it would be apparent that it was the landlord/owner getting greedy and looking for excessive rent….the same story that wrecks our towns, our villages and the communities in our cities. This upward only rent is destroying potential prosperity in markets that are already in existence ie International School gave heart to Baggot Street, provided business and gave people choice in the environs of D4, the embassy belt.
We stopped to admire this lovely puppy in the grounds of the former international school today. The person told us the story and how the parents and school had tried to negotiate with the landlord …. Greed, no vision won and the International School, the teachers, the students, the parents left and settled with the location of Blackrock. This building is now sold. Let us hope, someone else will run it as a school and Baggot Street can move forward again as a community.
Dereliction is a reality. 57,000 holiday homes lie vacant and so many more houses. Ineffectual communication stops solutions. We have the technology, let us communicate and create potential.
The Germans, quite contrary to what one would expect, have similar problems to our country with people leaving towns and villages. Unlike us they are adapting in a sensible way. They have re-introduced barter. The word TIME is the currency instead of MONEY. To make our communities work, is there anyone willing to say take the time of a person on dole/disability/short of money and make it something positive through exchange. NALA has a great scheme teaching people how to read, so this model has the potential to create a subset. Baggot Street Hospital needs a public private partnership to drive it forward as the proper Centre of Excellence Primary Health Care centre – some “time” from IBM, TESCO, BOOTS, GOOGLE, STARBUCKS would create the business plan, the expertise, the dedication to community. These companies excel in the Global Stock Market, so it is time for them to add a value chain and help out locally.
Michelle Clarke (Chestnut)
by Michelle Clarke (Comyn) – Urban Abandonments and dereliction
Upward only rents now have the answer. Prime buildings in strategic locations are being sold at knock-down prices, ousting Irish ownership in many cases to that of the newly created Creditor country named Germany, the Germany that merged with their World War II cessation of East Germany to create the entity, Germany, yes so flush with funds. Meanwhile, we one of the debtor countries are the victim of what could be termed an economic war of the 21st century. It would suggest that some of our landlords failed to be moral (and rested on Attorney General decision) and left rents so high that people were forced out of the premises.
Now these are the properties that are for sale at huge discount and the purchasers are those private equity groups, the Germans and no doubt there will be Russians, Chinese and people from India too. We are not complaining about the diversity but we are asking landlords to reconsider their rents and be fair and help businesses to survive this crisis and create employment, fair employment, for the people of Ireland. John Lewis is an interesting company with a policy of Corporate Social Responsibility and a motto ‘Never knowingly undersold’ are supposed to be considering purchasing a shop in Dublin and these, like Boots and M&S, we would welcome. Maybe they would consider a public private partnership with Baggot Street Community Hospital, if only it was for sale.
We don’t have to be rich, in fact we know the morals of those who were the Celtic Tiger rich and we can now with the benefit of hindsight create the new model of Ireland Inc with the views of the plain people of Ireland contributing to Ireland’s rebirth, and in particular now that we approach 2016 the anniversary of the Rising that led to Independence of the 26 counties and then in 1998 to the Good Friday Agreement. We are on a bridge and we are possibly mid-way, we can retreat, or we can create and move forward again, as we have done so many times over the centuries.
Grafton Street has become so shoddy recently. Shops are closed down and others are struggling to stay open. Grafton Street is Dublin’s equivalent to Bond Street – not anymore. It is worth listening to Olivia O’Leary’s podcast of the drivetime programme a week ago. Grafton Street has become our cinderella. The Times today informs us that 2 of the architecturally splendid Grafton Street shops have sold for 65% below the 2007 price. It is a German fund manager called GLL Real Estate who has bought these jewels for a fraction of what they are worth. The fund is to pay £40 million for River Island and the adjoining Wallis outlet (just beside Weirs). David Daly bought this for £115 million in 2007.
Quote: Jack Fagan
‘The latest off market sale means the German fund is now one of the largest property owners on the city’s premier shopping street’.
It bought the AIB branch for near £28 million (sale and lease-back deal) with a return of 6%. It is estimated that the River Island/Wallis deal will yield 6.85%. What a pity all our entrepreneurs are being priced out of our own country.
Anonymous: Enforcement and fines of £5,000 will dictate hardship for 9,000 people (and more than likely many more) living in potential tenements in areas like Rathmines, Ranelagh, Mountjoy Square, when this new law comes into effect this week. We need provision of proper accommodation and we need a plan to maintain our Georgian and Victorian housing but in a way and without the red tape that provides homes for people and especially for our vulnerable people.
The time is now for people to share and care. We must say no to Germany’s economic invasion and most definitely no to this promissory note of £3.1 billion. Germany has lots of bank assets and the EU has it is said as much as £33.9 trillion while America has £8 trillion. The time is now for the EU to be generous with its funds and to treat Ireland in an equitable way.
Michelle Clarke (Comyn)