We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Doug Peters/EMPICS Entertainment
the sweetest deal

Bono in the Dáil? TDs to probe 'inappropriate' property deal with U2

“In that area, €450,000 wouldn’t be worth a semi-detached residence.”

THE DUBLIN DOCKLANDS Authority’s sale of the Hanover Quay site to U2 was dubbed “questionable” at the Dáil Public Accounts Committee today.

The DDDA , in one of its final acts before being wound down, has agreed to sell the property to U2 for €450,000.

Labour TD Joe Costello, however, took aim at the deal and urged that the Authority be called before the PAC to explain what he called a “questionable” sale.

At this point in time it hardly seems appropriate that the Authority should be disposing of property…in what seems to be a questionable manner, for €450,000.Which in that area wouldn’t be worth a semi-detached residence.


The Dublin Central deputy said the Hanover Quay site was a “very valuable property”, and shouldn’t have been sold “without being advertised publically.”

Committee chairman John McGuinness agreed to write to the DDDA and arrange a hearing, if necessary.

Costello was keen to questions members of the Authority urgently, before it “goes out of existence.”

Read: U2 are buying 16 Hanover Quay for €450,000 from Dublin Docklands Development Authority>

Your Voice
Readers Comments
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.