Wednesday February 26, 2020

Mulryan cuts Nama debts after offloading a string of properties

Markland Holdings, the company owned by developer Sean Mulryan and the family of the late Paddy Kelly, has reduced its debts to the Nama.

29th June, 2013
Sean Mulryan: 'Nama continues to be supportive.'

Markland Holdings, the company owned by developer Sean Mulryan and the family of the late Paddy Kelly, has reduced its debts to the National Asset Management Agency (Nama) after offloading a string of properties in the US and Germany.

The company has raised €79 million from the property deals, the proceeds of which has been transferred to Nama to reduce debts, according to new company filings.

The disposal left Markland with property assets valued at...

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