IBRC struggles to secure further Quinn assets

Anglo has made progress, but a number of Quinn properties remain outside its control. Ian Kehoe reports.

Ian Kehoe - avatar

Ian Kehoe

6th October, 2012
IBRC struggles to secure further Quinn assets
The IBRC has secured possession -- and the lucrative rent roll -- of the $71 million Leonardo Tower in the Ukrainian capital, Kiev. Photo: PA

Properties valued at $318 million in the Quinn family's international property portfolio still remain outside the control of the former Anglo Irish Bank.

Despite securing a number of international court victories in recent weeks, the Irish Bank Resolution Corporation (IBRC) is still struggling to get possession of 13 properties in Russia, India and Ukraine.

However, the value of former Quinn property assets under bank control is now close to $200 million following IBRC's victory in having an...

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