McNamara’s construction empire laid low by web of debts

Nama is concerned about a number of debts that were owed to Michael McNamara Construction by other companies in Bernard McNamara’s property empire, writes Gavin Daly

13th November, 2010

Nama is concerned about a number of debts that were owed to Michael McNamara Construction by other companies in Bernard McNamara’s property empire, writes Gavin Daly

Building firm Michael McNamara Construction offered to accelerate repayment of its bank debt in a bid to avoid being shut down by the National Asset Management Agency (Nama).

The firm, which is owned by developer Bernard McNamara, is understood to have made a profit of €6 million...

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