Developer Ross exits from Nama with Cardinal backing

Ross planning to on building new homes to meet the huge housing demands in greater Dublin area

6th December, 2015
Seamus Ross

Seamus Ross, the founder of Menolly Homes, has exited the National Asset Management Agency (Nama) after refinancing the final €40 million of his company debts to the state agency.

The veteran housebuilder was backed by Dublin’s Cardinal Capital Group, as well as Bank of Ireland, in becoming the latest major developer to leave the state property agency.

Ross built 16,000 houses during the boom. According to industry sources, he is planning to focus...

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