Lloyds forecloses on 23 sites of Galway developer

The British lender Lloyds has foreclosed on more than 23 properties and sites amassed during the boom by Stephen Harris, one of the biggest developers in the west.

Ian Kehoe - avatar

Ian Kehoe

15th September, 2012

The British lender Lloyds has foreclosed on more than 23 properties and sites amassed during the boom by Stephen Harris, one of the biggest developers in the west.

The bank moved last week to reduce its exposure to Harris, appointing receivers to the various properties. It is understood the portfolio, which has debts of between €25 million and €40 million, includes commercial developments, residential properties and sites. Accountants from KPMG have been installed as receivers, and...

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