Mick Bailey returns to board of property group Bovale having previously been disqualified as a company director
Developer’s return comes as company realises €44.6m from landbank sale and amid uncertainty over Nama funding
Nama
Ireland’s newest hotel: ‘Now all we need is customers’
The Radisson Red hotel opened recently on the outskirts of Galway city as one part of a major 12.5 acre residential and commercial development at Crown Square by the Rhatigan Group
Was Derek Quinlan punished for having an astute businesswoman for a wife? Looks like it
Property mogul says he was misled from the start by Nama and was asked to pay back all the money he owed the taxpayer. In the end he had to concede defeat and was declared bankrupt
Derek Quinlan’s appetite for cash, his health difficulties and his advisers
The Quinlan Files: Bankrupt property investor received large cash transfers from company chaired by his wife
Derek Quinlan’s Nama battle: ‘I am destined to spend the rest of my life under Nama’s shadow’
Nama would not agree an exit deal with Irish property financier Derek Quinlan, the agency’s largest debtor
Derek Quinlan says Nama told him not to ‘say anything negative’ to banking inquiry
The former property tycoon’s interactions with Nama emerged in documents filed as part of his UK bankruptcy
Derek Quinlan: Why a €2.5m tax rebate kept the Irish financier in bankruptcy
The best news, analysis and comment from The Irish Times business desk
A forgotten deal, a €2.5m tax rebate: How Derek Quinlan’s ‘worrying’ conduct kept him in bankruptcy
A €2.5m Irish tax rebate was cited among reasons the Dubliner stayed in economic purgatory
Derek Quinlan: The ex-property king who had to declare haircuts to a bankruptcy official
Bankruptcy finally caught up with tycoon Derek Quinlan, an ex-tax inspector famous during Ireland’s boom
Bankrupt property tycoon Derek Quinlan gave undeclared €2.5m tax refund to his wife
Newly obtained UK court records show that the Celtic Tiger property investor who still owes €400 million through Nama used tax rebate to fund his living expenses
My remuneration ‘was substantial’: The interview transcript Derek Quinlan didn’t want made public
In October 2023, the Irish financier attended a meeting in London to discuss elements of his financial affairs with one of the trustees of his bankruptcy in the UK
Nama to transfer sites for 4,000 potential homes to Land Development Agency
So-called bad bank has moved to take direct ownership of certain land ahead of its wind-down next year
Johnny Ronan could do with a friend he won’t fall out with for his next project
Developer has a history of legal battles with his collaborators
Cerberus companies collect €33m on Irish debts
Accounts show investment fund subsidiaries paid off lenders
The Square shopping centre in Tallaght sold to European investors for €130m
Facility of 53,000sq m was sold for €250m in 2019 and carried boom-era value of €640m in 2007
Little prospect of half of potential Nama homes being built in medium term
Lack of planning permission, zoning and services cited as obstacles to developing remaining potential residential land bank
Developer Noel Smyth looks to block any sale of Dublin Airport car park
Legal actions seek to force rival developer Gerry Gannon to reopen 6,122 space QuickPark site and get Nama to release security over land
Nama pays out €1.5m in redundancy and gardening leave payments
State bad bank in process of winding down its operations
‘Sentiment towards Ireland is very strong now,’ says NTMA chief Frank O’Connor
National Treasury Management Agency boss will oversee two new sovereign wealth funds with aim of capturing and investing windfall tax revenues
Nama was a once-in-a-lifetime opportunity to fix the property market, and we blew it
Cabinet has approved the wind down of the bad bank as house prices surpass pre-crash levels
Seán Quinn’s former properties in Kyiv: The battle and the war
IBRC liquidators have paused the sale of two key assets in Kyiv once owned by businessman Seán Quinn
Nama upgrades lifetime State return forecast to €5.2bn
So-called bad bank set to take over remaining Irish Bank Resolution Corporation assets and complete its wind-down by the end of 2025
Dún Laoghaire-Rathdown council in €18m deal for prime residential lands in Cabinteely
Site first put on market for €35m in 2018 and came close to being sold to Johnny Ronan for €29m in 2020
Gareth Graham of BCF: Banks won’t lend to SMEs and ‘that has provided an opportunity across the island of Ireland for us’
Gareth Graham, founder of Belfast Commercial Funding, wants to make his firm the biggest non-bank lender to small businesses across the island
Dublin docklands office block let to WeWork being readied for sale at knockdown price
Savills engaged by receivers to recover monies owed to German lender by South Korean owners of No 2 Dublin Landings
Low bids on Dublin office block mask fact there’s a lot of capital out there looking for a home
There is good news for anyone planning to sell a Dublin office block – about €500m will potentially remain in play by the end of the North Docks sales process
US investor to offload Cork’s Blackpool Shopping Centre at heavily discounted €49.5m
Varde Partners paid €115m to secure ownership of 300,000sq ft scheme as part of wider retail investment portfolio in 2014
Bids on North Dock offices fall hopelessly short of €130m sought by receivers
Nama and Oaktree Capital set to have investment in Dublin docklands scheme wiped out while senior lender likely to take hit
AIB puts The Square in Tallaght into receivership after sale stalled
Owners of independently owned units will not be impacted by process
Nama to generate surplus of nearly €5bn, McGrath says
Agency ‘facilitated the delivery of about 34,000 residential units’ and ‘regeneration of Dublin docklands’
Nama transfers €350m surplus to exchequer
Move brings total contributed by State-owned bad bank to €4.25bn to date
Land Development Agency pays Nama €44m for north Dublin land with scope for 2,300 homes
LDA acquires 13.2-hectare holding in Clongriffin with planning in place for 1,832 homes and scope for 500 more
Who Really Owns Ireland? by Matt Cooper: Too sprawling to stand up properly
Matt Cooper bites off more than he can chew in this account of land transactions let down by too many omissions and errors
Elmpark campus in Dublin 4 for sale at heavily discounted guide of €55m
Higher interest rates and ESG requirements see Dublin 4 scheme’s capital value fall to below replacement cost level of €170 per square foot
Nama secures €14.5m from sale of Dublin apartments to European investor
LRC Group acquires 54 rental apartments at Prospect Hill development in Finglas
How big landlords in Ireland minimise their tax bills on rental properties
No stamp duty, no CGT and no corporation tax: how Irish tax regime benefits Section 110s, Reits and Icavs over smaller landlords
Developer Kelleher wants more documents from Nama, court told
Agency’s counsel maintain claims were ‘extraordinary’, ‘unprecedented’ and ‘so wrong’
Charlestown shopping centre in Dublin on market for €35.5m
Inclusion of mixed-use adjacent site adds to appeal of north Dublin complex
Q&A: What is the National Asset Management Agency?
Nama, born in one crisis, will soon be given the powers to help fix another
Project Eagle: Inside the £1.24bn Nama deal in the North
Peter Murtagh on the threads that link rival US funds, Northern politicians, legal firms and middlemen to the property sell-off that cost the State hundreds of millions
Nama inquiry likely as Kenny seeks to meet Wallace over claims
Meeting set to take place over Independent TD’s call for Project Eagle investigation
Italy’s bank bosses seek crunch solution to industry woes
A gathering in Rome this week has so far not yielded results
SMEs facing ‘unreasonable’ demands from Cerberus
Business owners in Northern Ireland ‘living in fear’ of demand for significant payments within 24 or 48 hours, insolvency group tells Stormont committees
Gareth Graham case against Cerberus may enter mediation
Belfast businessman is challenging US fund’s right to put his companies into administration
Selling our largest theatre: the public case for a cultural jewel
The country’s largest theatre is up for grabs, caught in crossfire between Nama, the banks and developer Harry Crosbie. But there is a solution with long-term benefit for the citizen
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