Investment fund secures its exposure to developer Kavanagh
M&G Investments, an investment fund owned by Prudential plc, has taken steps to secure its exposure to the property empire of Greg Kavanagh, the Irish property developer.
M&G has registered mortgages over the assets of dozens of Kavanagh’s companies, and appointed a chairman over a number of Kavanagh vehicles.
The British fund has invested considerably more than €50 million into various parts of Kavanagh’s business, The Sunday Business Post...
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