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Thread: The Dunner and AIB

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    Default The Dunner and AIB

    AIB to end lease with Dunne on Merrion Road offices - The Irish Times - Mon, May 17, 2010


    Cant really see him getting permission to demolish 4 blocks and replace them by about 6 /7 times the sq footage, the ex front-rower has got a problem which will probably mean he will get it into Nama.

    Ahern's favourite developer who loves listening to him making speeches will be looked after, Ulster bank and the Icelanders may have other ideas.

    Bet Dermot Desmond is watching Dunner's every move and the FF'ers will get away with no strokes here.

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    Politics.ie Member Malbekh's Avatar
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    It's infeasible to think that he isn't going to go under - it'll be D4 hotels as run by Ireland Inc.

    In other news, it's now reckoned that INBS will stiff us for 5b rather than the 2.7b currently mooted. Which brings the gruesome twosome closer to 30b burnt away for no discernible reason....
    Blessed be the threadmakers.

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    Quote Originally Posted by Malbekh View Post

    In other news, it's now reckoned that INBS will stiff us for 5b rather than the 2.7b currently mooted. Which brings the gruesome twosome closer to 30b burnt away for no discernible reason....
    But FF are great because they set up the NPRF..
    We have turned the corner.I commend this Budget to the House. Brian Lenihan, 9 December 2009

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    Politics.ie Member hammer's Avatar
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    Well done, AIB - good move.

    INBS at 5 billion - No chance. Maybe another 500 million only petty cash.

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    Politics.ie Member powderfinger's Avatar
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    There is probably a similar type letter due at the doormat of another former colossus from his Baggot Street tenants.No doubt this contingent vacation will be listed in the 'business plan' submitted to whom it may concern at the NAMA.

    Quinlan forks out 200m for Bank of Ireland's HQ - Times Online

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    Politics.ie Member hammer's Avatar
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    Good point powerfinger. I had overlooked that

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    Politics.ie Member powderfinger's Avatar
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    Quote Originally Posted by Malbekh View Post
    It's infeasible to think that he isn't going to go under - it'll be D4 hotels as run by Ireland Inc.

    In other news, it's now reckoned that INBS will stiff us for €5b rather than the €2.7b currently mooted. Which brings the gruesome twosome closer to €30b burnt away for no discernible reason....
    D4 Hotels as run by Iceland Inc* perhaps..


    (*in conjunction with their Dutch and British owned co-lenders)

    Banks take majority stake in Dunne's Ballsbridge hotels - The Irish Times - Fri, Feb 12, 2010

    He put €125 million of his own money into the deal, while a group of financial institutions, led by Ulster Bank and including Icelandic lender Kaupthing, lent him the balance.
    Companies Office documents show that the properties have been transferred from MJBCH, part of Mr Dunne’s Mountbrook group, to two new companies, Qulpic and ZRKO.
    The documents name Qulpic’s and ZRKO’s shareholders as Ulster Bank, Kaupthing and Co-operative Centrale Raiffeisen Boerleen Bank.
    Last edited by powderfinger; 17th May 2010 at 02:29 PM.

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    Quote Originally Posted by powderfinger View Post
    D4

    (*in conjunction with their Dutch and British owned co-lenders)
    The Anglo Irish Dutch Hotel?

    Or is the "Anglo Irish" trade name damaged beyond repair?
    We have turned the corner.I commend this Budget to the House. Brian Lenihan, 9 December 2009

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    Kaupthing are in a lot of trouble, their CEO has been arrested and likely fraud charges to follow, at some stage they will lose patience with Dunner you cant just keep rolling over loans and interest, underlying security has shot its bolt.

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    Politics.ie Member MsAnneThrope's Avatar
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    Baron of Ballsbridge Sean Dunne and Gayle Killilea to leave home

    He's not selling the house though, apparently:

    IT'S official. Sean Dunne and his wife Gayle are leaving Ballsbridge. The Sunday Independent has learned from impeccable sources that Mr Dunne and his wife are in the advanced stages of negotiations with the South African embassy to rent out their family home, Ouragh, on Shrewsbury Road, with a view to downsizing to a smaller house in the greater Dublin area which they intend to use as their Irish base. [...]

    Asked what Mr Dunne's immediate plans were, the source added: "He really doesn't have a choice but to seek out new opportunities overseas as there are very few in Ireland right now. [...]

    The Sunday Independent understands that the man the media dubbed the Baron of Ballsbridge for his stated determination to bring a piece of Knightsbridge to Dublin, was recently in Sao Paulo in Brazil, along with a number of Ireland's other leading developers seeking out development opportunities in the country's thriving residential property market.
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