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Thread: Nama takes control of Grehan properties

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    Politics.ie Member cozzy121's Avatar
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    Default Nama takes control of Grehan properties

    Another ff property developer bites the dust. Good riddance to bad scum.

    Nama takes control of Grehan properties - The Irish Times - Thu, Apr 28, 2011

    THE STATE assets body Nama moved to seize control of properties belonging to developers Ray and Danny Grehan yesterday after, it is understood, they failed to meet some of the terms of a plan agreed with the agency.
    Nama appointed receivers Paul McCann and Michael McAteer, of accountancy firm Grant Thornton, to Irish properties owned by the Grehans and their Glenkerrin group in a bid to recover a 650 million debt owed to the State.
    The properties include the former UCD veterinary college site in Ballsbridge, Dublin, which Glenkerrin bought for a record 171.5 million in 2005. Glenkerrin also developed The Grange, a luxury apartment complex in Stillorgan, Co Dublin.
    "WAKE UP! THE RICH ARE RAPING YOU!"

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    Politics.ie Member hammer's Avatar
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    Politics.ie Member NewGoldDream's Avatar
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    "ff property developer"?

    Must say I don't know Ray or Danny Grehan personally, but knew close relations back in the 90s and FF they were most certainly not.

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    according to newstalk this morning he's off to the courts to stop em so the lawyers are involved now.

    think its mainly to do with the UK stuff which is why the court date is there in may.

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    Politics.ie Member hammer's Avatar
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    Personal guarantees puts everything in the firing line Ray

    Pay your debts and bailout the taxpayer and stop worrying about the assets.

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    Politics.ie Member hammer's Avatar
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    Seems as if they have got until Tuesday to repay €650 million

    Does anyone know any banks lending on Irish property.

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    Ringsend Charlie
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    Quote Originally Posted by NewGoldDream View Post
    "ff property developer"?

    Must say I don't know Ray or Danny Grehan personally, but knew close relations back in the 90s and FF they were most certainly not.
    If you looked at Charles Haughey or Brian Lenihan's relations, then you wouldn't expect them to be FF, but when you consider the grubby men themselves, you can see why they hopped on that wagon.

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    Politics.ie Member Partizan's Avatar
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    Quote Originally Posted by cozzy121 View Post
    Another ff property developer bites the dust. Good riddance to bad scum.

    Nama takes control of Grehan properties - The Irish Times - Thu, Apr 28, 2011
    Yep, and guess who picks up the tab?

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    aaaand theyre back in nama's hands again.

    NAMA reappoints receivers to Grehan assets - RT News

    incidently RTEs website is now reporting that nama has lost 714 million this year.

    NAMA takes €1 billion loan value hit - RT News

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