The lenders to Rathdowney Shopping Outlet in Co Laois forgave an €11.7m loan owed by the struggling business as it closed its doors last year.
New accounts for the company behind the failed centre, AWG Outlets, note that following a restructuring of its bank loan facility with the lender, Luxembourg-based Hadrian, a total of nearly €11.7m in borrowings was forgiven.
Hadrian is controlled by a number of businessmen including Marcus Rennie, a former senior lender with Anglo Irish, now Irish Bank Resolution Corporation (IBRC). Mr Rennie and a number of other individuals acquired a total of £300m (€358m) in face value loans from IBRC in 2011.
Accounts for Hadrian for 2011 and filed last year, show that it made a £5m loan to an affiliated Scottish company called Calagus Capital in March 2011 with a 15pc interest rate.
Calagus Capital is controlled by investors including Mr Rennie and executives from US firm Elliott Associates, which backed the loan purchase from Anglo.
Hadrian reveals that in conjunction with Calagus Capital, it paid about £150m to buy loans from Anglo Irish Bank in March 2011.
In June that year, it says it received £57m in principal and swap payments, leaving it with £94.8m of the loan purchase price still to be recovered.
The company had previously indicated that it had agreed with Anglo to put the Rathdowney centre up for sale, but the bank then sold the loans on to the group of investors that includes Mr Rennie.
The latest set of accounts for AWG show that its property income was just €168,000 in the year to March 2012, down from €336,000 a year earlier.