Former developer sues Nama over lost property empire

Joe O’Donovan had a large property empire comprising pubs, a shopping centre, retail outlets and residential property

Wilton Shopping Centre in Cork

One of Cork’s most prominent former developers has lodged legal proceedings against Nama, the IBRC and vulture debt buyer Oaktree, in proceedings lodged at the High Court last week.

Joe O’Donovan had a large property empire comprising pubs, a shopping centre, retail outlets and residential property. The assets had been built up over several decades, mainly in his native Cork.

Also named in the suit are receivers Ken Fennell and Eoin Ryan and ...