Although there were signs that NAMA was relenting on its enforcement action in recent weeks, there is a trickle of new receivership action. Today’s edition of Iris Oifigiuil shows that NAMA has had receivers appointed to Versus Limited, a Dublin-based development company controlled by Sean Kelly and his wife Veronne Kelly. Glenn Cran and Mark Reynolds of Savills Ireland were appointed as property receivers on 21st May 2012.
The company is most associated with the Bolands Mill site in Dublin 2, pictured below. The sprawling building complex is located in what is now southDublin docklands and was a working flour processing mill until 2001 but was set to be developed by Versus as a hotel and office complex. It is situated partly onBarrow Street where Google has taken over much of the office space including a former NAMA/Treasury Holdings building, Montevetro.
Bolands Mill should not be confused – as the folks from the Independent seem to, today – with Bolands Biscuit Mill which was a nearby building made famous in the 1916 Rising when it was a command centre for Eamon De Valera. That complex which occupied a corner ofMacken Street andGrand Canal Street is now the site of NAMA’s HQ.
Remember you can see a comprehensive list of Irish foreclosure action by NAMA here and in this regularly updated spreadsheet.
NAMA Wine Lake 
An I thought that 60% of the developers were going to make it according to Frank earlier this week. I wonder who this 60% are……..