Nama moves on INBS property firm

A British property company bankrolled by Irish Nationwide Building Society (INBS) has collapsed into administration with debts approaching €85 million.

Ian Kehoe - avatar

Ian Kehoe

14th September, 2013
Michael Fingleton. Photo: collins

A British property company bankrolled by Irish Nationwide Building Society (INBS) has collapsed into administration with debts approaching €85 million.

The building society advanced the money to British registered Gateway (Leeds) to develop a major office and retail campus in the West Yorkshire city.

Nama appointed accountants BDO as administrators to the firm last week.

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