Devastating debts at the heart of Treasury Holdings

Court documents show that seven of the troubled property group's companies have debts of €277 million, writes Ian Kehoe.

Ian Kehoe - avatar

Ian Kehoe

1st September, 2012
Johnny Ronan and Richard Barrett engaged in a fight with Nama. Photo: PA

The massive financial hole at the centre of Treasury's Holdings property empire has been exposed by new documents showing massive deficits on a string of its developments across the country.

The documents reveal the level of debt on a number of the firm's major Irish developments, and detail what Treasury Holdings estimate they are now worth in the current market.

The documents cover seven companies in the Treasury Holdings group. In total, the seven companies...

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