Still stinging from the Treasury Holdings judicial review judgment, it will be interesting to see if there is any relenting in NAMA’s foreclosure action so that it can ensure it follows fair procedures and gives developers an opportunity to be heard. Meanwhile we learn from today’s edition of Iris Oifigiuil that on Friday last 27thJuly 2012 – before the Treasury judgement – NAMA had receivers appointed to a Leitrim developer.
Corros Properties Limited is owned by 42-year old Paul Maye and the two directors are Paul Maye and Liam Maye. NAMA had Kieran Wallace of KPMG Restructuring appointed as a statutory receiver to the company.
Corros developed The Waterfront beside Leitrim Village in Leitrim in 2004.