It is reported by both the Irish Times and Irish Independent today that the Wexford construction and development company, Cleary Doyle, has been placed into receivership at NAMA’s behest. Founded in 1961 by Eugene Cleary and John Doyle, the company has a long history of residential and commercial development, both in its own right as a development company and as a construction company acting for developer clients.
As well as the construction of the Joe O’Reilly’s Killeen Castle golf club and the Wexford Opera House, the company has notched up an impressive portfolio of residential developments including Clonard Village (Wexford), Clonattin Village (Gorey, Co. Wexford), Avoca Wood (Avoca, Wexford), Village Gate (Ballycanew, Co. Wexford), Glencove (Courtown, Co. Wexford), The Ramblings (Piercestown, Co. Wexford), The Gallops (Naas, Co. Kildare) and Bakers Yard (Portland St. Dublin 1). Its commercial developments have included the ESB headquarters (Garrycastle, Athlone, Co. Westmeath),WexfordRetailPark.
The receivership has yet to be published in Iris Oifigiuil. The press today reports that the company is “disappointed” with NAMA’s decision and that it had hoped to trade through the current difficulties. NAMA is reported to have said the receivership move was “a last resort”.
Reporting so far does not tell us who the receiver is, or if Cleary Doyle group companies are affected – these include Trinity Hire and Wexford Block.
Remember you can see a comprehensive list of Irish foreclosure action by NAMA here and in this regularly updated spreadsheet.
NAMA Wine Lake 
Cleary & Doyle got the contract to develop and build on the St James Hospital site in the late 1990’s/early 2000’s.
O.K., so who is left in the construction industry then? There’s Sisk…and Crampton … and …maybe Walls and …eh…eh…eh? Does that mean that there is nobody in the industry left to buy all the rubbish coming down the track and build on it?