Hedge fund collapse leads to £500k writedown for Irish property developer
Jersey-based David Kennedy had been planning to build a €50 million cancer treatment centre in Kildare town backed by a Neil Woodford-linked firm, but it will not now proceed after the collapse of Woodford’s hedge fund empire
The collapse of Neil Woodford's hedge fund empire has resulted in a £500,000 write-down for David Kennedy, an Irish property developer based in Jersey.
Kennedy had been planning to build a €50 million cutting-edge proton beam cancer treatment centre on the site of the former Magee Barracks in Kildare town, along with a Lidl supermarket and 300 houses.
Woodford was a major backer of Rutherford Health, the company behind the facility, but that company went ...