It’s becoming clear that there has been no pause at NAMA in its foreclosure action following the Treasury Holdings judicial review case which said that – in the context of Treasury, but Treasury’s circumstances were hardly unique – that NAMA didn’t follow fair procedures, that it should have consulted with the developer before deciding to appoint receivers and that NAMA’s decisions are open to judicial review. We learn from today’s edition of Iris Oifigiuil that NAMA has had receivers appointed to three related Dublin companies. The receivers were appointed on 9th August, 2012 and each of the three cases, the receivers are Brendan Hanratty and Patrick Brennan from RSM Farrell Grant Sparks.
Each of the three companies has a registered office at 39/40 Upper Mount Street in Dublin 2.
First up is Shilden Developments Limited whose directors are Eilish Breen (47) and Laurence Breen (45) and its shareholder is Brookgate Developments
Secondly, there is Choice Properties Limited whose directors are Eilish Breen (47) and Laurence Breen (45) and its shareholder is , Brookgate Developments and Laurence Breen
Lastly there is Brookgate Developments Limited whose sole director is Pat Fox and shareholder is Breen Holdings Limited
Brookgate was associated with the development of Manor Park Hospital in Dundalk.