Friday 28 July 2017

O'Reilly's firm is out of Nama, but it's not out of the woods

Developer Joe O'Reilly.
Developer Joe O'Reilly.
Peter Flanagan

Peter Flanagan

Joe O'Reilly is out of Nama at last, but his joy at exiting the state bad bank may be relatively short lived.

Like other developers before him, Mr O'Reilly's company, Chartered Land, is not debt free.

Instead, its banker has been replaced with a new one.

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