A portfolio of 25 property investments, mainly in central Dublin and valued at close to €2 billion during the boom, are to be offered for sale on the international market at €140 million.
All but one of the assets belonged to developer Liam Carroll’s Danninger company and were originally financed by Bank of Scotland (Ireland). A further tranche of properties owned by the same developer, including shopping centres in Dun Laoghaire and Clondalkin, and office buildings in the north docklands, are expected to be offered for sale later this year by Nama.
Mr Carroll’s property and investment empire was one of the first to collapse in the property and banking crises with debts estimated at over E1.2 billion. John Moran of Jones Lang LaSalle is handling the sale of the Ulysses Portfolio for David Hughes and Luke Charleton of EY who were appointed receivers by Bank of Scotland (Ireland). Source: The Irish Times