The Iveagh Markets in Dublin has been repossessed by Lord Iveagh.
The building on Francis Street in the Liberties has been derelict for over 20 years.
It had been tied up in planning over proposals to develop two hotels and a food hall.
But now Lord Iveagh has been able to use terms associated with the deeds to reposess the building.
In a statement Dublin City Council says:
'DCC was notified on the 8th December 2020 by representatives of Lord Iveagh that Lord Iveagh had invoked the “Reverter” clause contained in the original Deed of Conveyance dated 17/7/1906 (Lord Iveagh to Dublin Corporation).'
'The Council was informed that as the Iveagh Market building has ceased to be used as a market for a considerable number of years, Lord Iveagh has, in accordance with the terms contained in the Deed of Conveyance, repossessed the property this morning and notified the Council accordingly.'
'The Council is considering the matter with its legal advisors.'
