Harcourt Developments, the property group controlled by businessman Pat Doherty, has seen its bank debts increase by 25 per cent to more than €345 million after making a string of property purchases.
The Dublin-based company owed creditors €381 million at the end of 2006, most of which is owed to banks and financial institutions, according to accounts just filed.
Doherty’s company reported that the debt was secured by fixed and floating charges on the group’s properties and...
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