‘Uncertainty’ over value of Dunne’s sites

The value of the property assets owned by developer Sean Dunne’s main trading company is now ‘‘subject to uncertainty’’ in light of the economic downturn.

8th November, 2008

The value of the property assets owned by developer Sean Dunne’s main trading company is now ‘‘subject to uncertainty’’ in light of the economic downturn.

DCD Builders has property-related assets valued at €477 million, but owes its banks €624 million. The firm’s continued ability to trade depends on the support of Dunne and the banks, according to new filings at the Companies Registration Office in Dublin.

Amid...

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