Former property developer appeals Nama possession order over luxury estate

George Tracey runs the Mearescourt Georgian manor house in Co Westmeath as a bed and breakfast

Mearescourt Georgian manor house in Co Westmeath

Former property developer George Tracey has launched an appeal against a Circuit Court order granting Nama possession of his luxury manor house in Co Westmeath.

The Georgian estate Mearescourt, which Tracey runs as a bed and breakfast, was used as security on AIB loan facilities of around €9 million which in 2010 were transferred to the state’s bad bank.

Nama secured a possession order against the property on July 21, 2016 which Tracey ...