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NAMA has receivers appointed to assets of Limerick developer, Ger O’Rourke and Goodbody Stockbrokers

December 27, 2012 by namawinelake

It seems that Iris Oifigiuil published a Christmas edition on Christmas Day 25th December 2012 in which it is shown that NAMA has had Peter Stapleton of Lisney in Dublin appointed as receiver on 20th December 2012, to certain assets owned by a series of partnerships in which companies owned jointly by Limerick developer Ger O’Rourke and Goodbody Stockerbrokers, feature. There were five partnerships named in the notice whose assets are now subject to a receivership – this list below shows in brackets the Ger O’Rourke partner companies, it should be stressed that the receivership applies to the assets of the partnership and not the partnership companies.

(1) The Wicklow Limited Partnership I (Lidus Limited, directors Ger O’Rourke, Donal Leahy and David Clarke, owned by Chieftain Investments Limited (50%) and Goodbody Stockbrokers (50%)).

(2) The Wicklow Limited Partnership II (Loizou Limited, directors Ger O’Rourke, Donal Leahy and David Clarke, owned by Chieftain Investments Limited (50%) and Goodbody Stockbrokers (50%)).

(3) The Wicklow Limited Partnership III (Nigheim Limited, directors Ger O’Rourke, Donal Leahy and David Clarke, owned by Chieftain Investments Limited (50%) and Goodbody Stockbrokers (50%)).

(4) The Wicklow Limited Partnership IV (Chieftain Investments Limited and Laricous Limited.Chieftain Investments Limited has as its directors husband and wife, Ger and Majella O’Rourke and the company is entirely owned by the flagship Chieftain Construction Holdings Limited.  Laricous Limited has as its directors Ger O’Rourke, Donal Leahy and David Clarke, owned by Chieftain Investments Limited (50%) and Goodbody Stockbrokers (50%)).)

(5) The Wicklow Limited Partnership V (JRS Security Limited, directors Ger O’Rourke, Donal Leahy and David Clarke, owned by Chieftain Investments Limited (50%) and Goodbody Stockbrokers (50%)).

In Dublin’s High Court, NAMA sued yachtsman and developer Ger O’Rourke and his wife Majella last April 2012.

Remember you can see the list of NAMA’s enforcement actions here and in this regularly updated spreadsheet.

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