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.
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...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine