The BBC is reporting today that twoUK companies controlled by Clare-men Sean Lyne and Noel Connellan have been put into administration by NAMA. Lanyon Trading Limited and its parent company Lisk Limited owned the freehold in fiveBelfast bar/restaurants which it rented on 25-year leases to a pub and hospitality company, Botanic Inns. Although the two developers had taken over Botanic Inns in 2004, it has since been sold to its management and the company and indeed the operation of the bars is unaffected by the administration, much in the same way as on this side of the border, the operation of hotels owned by Paddy Kelly have not been affected by NAMA appointing receivers to the buildings.
The BBC says that Lisk Limited leased The Bot (pictured here), Madisons Hotel (pictured here), The Globe (pictured here) and The Northern Whig (pictured here) to Botanic Inns in April 2005 whilst Lanyon Trading Limited leased The Kings Head (pictured here).
The two Clare-men Sean Lyne and Noel Connellan have been involved, both individually and together, in development on this side of the border for some time. In the prospectus for a property development venture, “Liberty Asset Management Crystal Property Development Fund” the two set out their experience which includes the development of the Liffey Valley shopping centre, now owned by the Duke of Westminster’s Grosvenor Estates. There have been residential development such as the construction of 84 houses and apartments at Rosslevan,Tulla Road, Ennis. And the BBC today refers to property deals in Cavan.
Remember you can see the list of NAMA’s enforcement actions here and in this regularly updated spreadsheet.
NAMA Wine Lake 
There’s an unpleasant sounding £21m PG lurking in the Lisk accounts