NAMA’s foreclosure action continues apace and today we learn from Iris Oifigiuil that it has had receivers appointed to two companies in the same group – Dwyer Nolan Developments Limited and Parkzone Developments Limited (formerly Dwyer Nolan Homes Limited). On 8th October, 2012 NAMA had Liam Dowdall of Smith & Williamson Freaney appointed as statutory receiver to both companies. This is the first time that this company has featured in a NAMA receivership.
Dwyer Nolan Developments Limited is owned by Edward O’Dwyer (68) and his wife, Ann O’Dwyer (68) and a company Bairnsdale Securities which is in turn owned by Dwyer Nolan Developments Limited. The two directors of Dwyer Nolan Developments are Ann and Edward O’Dwyer.
Parkzone Developments Limited is owned by Aidan O’Dwyer, Edwin O’Dwyer and Keith O’Dwyer. Its directors are the four sons of Edward O’Dwyer senior – Edwin O’Dwyer (41) Keith O’Dwyer (40), William O’Dwyer (36) and Aidan O’Dwyer (36).
Dwyer Nolan was a major Dublin housebuilder and its developments include Hampton Wood in Dublin 11.