Three of AIB’s Belfry property funds in liquidation

Three of AIB's six Belfry property funds, which used a combination of loans and money raised from the bank's private wealth clients to buy British property at the height of the bubble, are now being liquidated.

Barry J Whyte

Chief Feature Writer @whytebarry
12th October, 2013

Three of AIB's six Belfry property funds, which used a combination of loans and money raised from the bank's private wealth clients to buy British property at the height of the bubble, are now being liquidated under an ''accelerated disposal programme''.

Investors in the fourth, fifth and sixth funds raised by AIB have recently been informed that the funds' lenders – which in some cases include AIB itself – have instructed the funds' managers to...

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