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Funds appoint receiver over Victoria assets

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'The receiver for Ladywell Homes stems from debentures and mortgages dating back from 2016 which were linked to the same funds.' Stock image: Victoria Jones/PA

'The receiver for Ladywell Homes stems from debentures and mortgages dating back from 2016 which were linked to the same funds.' Stock image: Victoria Jones/PA

'The receiver for Ladywell Homes stems from debentures and mortgages dating back from 2016 which were linked to the same funds.' Stock image: Victoria Jones/PA

Funds linked to Lotus Investments Group, an Irish-based private equity firm for property and construction finance, has appointed a receiver over certain assets of Dublin-based housebuilder Victoria Homes and related company Ladywell Homes.

Myles Kirby, a managing partner at Kirby Healy Chartered Accountants, was appointed as receiver on May 26 for a single asset in Co Kildare owned by Victoria Homes. Kirby was appointed receiver regarding Victoria-linked Ladywell Homes' Corrybeg Way development of 16 homes near Templeogue on May 19. Patrick Byrne and Daniel Whelan run both companies.


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