Profits surge at Michael Cotter's Park Developments
Pre-tax profits at Michael Cotter's Park Developments group last year increased more than six-fold to €5.34m as revenues jumped 43pc.
New figures show that Park Developments (Dublin) Ltd recorded the pre-tax profit increase last year after revenues hit €18m.
Park Developments, which is the company behind the Park commercial development in Carrickmines, Dublin, had accumulated profits of €57m.
The directors state its loan facilities are with Nama and agreed funding arrangements are in place to December 2018.