Shelbourne Developments, the property firm owned by Garrett Kelleher, is in talks to sell a 25 per cent stake in its Irish property portfolio to the Royal Bank of Scotland.
The deal values Shelbourne’s Irish assets at between €700 million and €800million. Numerous calls to Shelbourne last week were not returned.
The company has extensive property interests in Ireland. It recently acquired the former Bank of America headquarters on the corner of Hume...
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