Saturday 22 October 2016

Profits surge at Michael Cotter's Park Developments

Published 14/12/2015 | 02:30

Michael Cotter
Michael Cotter

Pre-tax profits at Michael Cotter's Park Developments group last year increased more than six-fold to €5.34m as revenues jumped 43pc.

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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.

Irish Independent

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