Property firm chaired by ex-Nama man could face tax bill

A property company chaired by a former Nama executive is potentially facing a vacant site tax for failing to develop a prime housing site.

Glenveagh Properties acquired the 34-acre site in Navan town last year with planning permission for 218 homes. The company’s chairman is former Nama head of asset management John Mulcahy.

But since no development has taken place on the Blackcastle Desmesne site to date, it has been placed on the ...