Monday 23 October 2017

Tom McFeely says family 'on side of road' after NAMA repossession

Mr McFeely said in court that his wife and children are
Mr McFeely said in court that his wife and children are "on the side of the road" after their Ballsbridge home was repossessed by NAMA.
Donal O'Donovan

Donal O'Donovan

NAMA has said it did not promise bankrupt developer Tom McFeely a new house after it was claimed in court that the agency reneged on a deal to re-house the property developer and his family.

Mr McFeely said in court that his wife and children are "on the side of the road" after their Ballsbridge home was repossessed by NAMA.

The Priory Hall builder was in court for a procedural hearing in relation to an appeal against the seizure of his €10m home on Ailesbury Road in August.

In court Mr McFeely said he had been lied to in relation to the home. He showed the court a photograph of a house he claimed NAMA lawyers told him he could go and live in.

Last night a spokesman for NAMA said that it had not made such an offer.

Representing himself, Mr McFeely said he had had to dismiss his previous lawyers for financial reasons.

He was in court seeking a short adjournment of the case so his new lawyer would be fully prepared for an upcoming appeal hearing.

The case was about an attempt to put him out of his home, he said, and his wife and children were "on the side of the street" due to "lies".

Lawyers for NAMA said the matter was urgent, the court had already ruled there was no merit in this appeal when it refused a stay on the possession order. The agency wanted the matter determined as soon as possible, they said.

Mr McFeely is best known as the developer of the troubled Priory Hall complex in Donaghmede in Dublin. It was closed last year due to fire safety concerns.

In August the Dublin City Sheriff seized the McFeely home on behalf of NAMA after he defaulted on a €9.5m mortgage.

The court registrar listed the matter for mention in court again next Tuesday when the date for a full hearing will be fixed.

Irish Independent

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