Ulster Bank has appointed receivers to three related building companies that accumulated several million euro in debts from property developments in the Midlands, writes Gavin Daly.
The bank has taken control of Athlone-based Bacoro Developments, Bolterra and Bespoke Construction, which had built housing in Westmeath and Longford.
Aengus Burns and Michael McAteer of Grant Thornton have been appointed joint receivers and will assess what value can be recovered from the assets of the companies.
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team