Apartments legal action
80% of the 475 apartments in the ARC scheme were secured off plan which ultimately led to problems for buyers securing mortgages when the property market collapsed. In April 2010 Titanic Quarter Ltd, owned by Harcourt Developments decided to issue writs against 12 buyers who had failed to complete on the sale of their apartments as per the original contract. Titanic Quarter Ltd had offered discounts to buyers from the original agreed price to enable them to complete before issueing writs. Titanic Quarter Ltd sought to impose orders of specific performance on the buyers at a hearing in April 2010.

In a test case before the High Court in June 2010 it was argued that an order for specfic performance against a buyer with no money to fulfil the agreement would be impossible to enforce. In August 2010 the High Court ruled that the buyer cannot be forced to honour the contract as he has no money. Mr Justice Deeny refused to grant an order for specific performance, ruling that the buyer had "a clearly arguable case" that it would be impossible for him to pay. The judge further stated that the developer, Titanic Quarter Ltd, will retain the £26,000 deposit paid on the £264,500 flat and may also be entitled to damages of up to £30,000 to compensate for breach of contract.

Masterplanner: Civic ArtPlanning Consultant: Turley Associates
Basement: Dawson WAM Ltd
Basement Engineer: RPS Consulting Engineers
Basement Electrical: O'Hanlon & Farrell
Scaffolding & Prop Systems: PERI
Mechanical: Harvey Group
Quantity Surveyor: Sammon SurveyorsExterior Cladding: Finnforest
Concrete Frames: Concrete Frames LtdSubcontractor: O'Hare Steel
Internal Joinery: Loughview Timber SolutionsAgent: BTW Cairns
Branding: The Design Factor