Treasury at war with Nama over Battersea

Property developers Johnny Ronan and Richard Barrett claim that Nama's actions cost their company €400 million, writes Samantha McCaughren.

5th May, 2012
Battersea Power Station in London. Photo: Getty.

One of Ireland's most recognisable boom-time property developers, Treasury Holdings, upped the ante last week in its legal war with the National Asset Management Agency (Nama).

London is the battleground for the latest clash, with the bad bank's decision to appoint administrators to the Battersea power station development coming into focus.

It is understood that Treasury will claim that the actions of Nama cost it €400 million in management fees over 15 years, but also...

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