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...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago