Deadlock in battle for €2m Knocklofty House

Owner pushes back against vulture fund

4th December, 2016
Knocklofty House in Co Tipperary: its owner is fighting Cerberus’s repossession bid

The 71-year old owner of the €1.95 million-valued Knocklofty House in Tipperary has fought vulture fund Cerberus to a standstill over its right to repossess the stately home.

The fund, which this week was revealed as having paid just €1,900 on revenues of €77 million, had sought to appoint a receiver over the 40,000 square foot Clonmel house.

However, the owner of Knocklofty, Denis English, fought the appointment of the receiver, arguing that the surrogate company...

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