Investment firm says nearly a third of its property income is ‘at risk’
Accounts for Nick Furlong’s Vevey Management state that ‘directors expect some tenants will not be able to pay their rent’
A property company owned by Nick Furlong, the low-key Irish investor, has said nearly a third of its property income is “at risk” as a result of Covid-19 lockdown restrictions.
Vevey Management values its annual income from its property investments at around €12 million and said that about €4 million of this income is at risk.
In a note to the latest accounts the directors, who include Furlong and his son Paul, said...
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