Galway firm McDonogh Properties added €31 million worth of property to its portfolio last year, bringing its total assets to more than €160 million.
The company, which was set up as a merchants’ business more than 150 years ago, had €95.6 million in bank borrowings at the end of September last year.
The firm increased its debt by more than €22 million in 2010, and also used €11.5 million in cash, according to new accounts.
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