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Mon 01 Jan 2009Dunne admits he could be insolvent
THE DEVELOPER behind one of the biggest property deals in the Republic's history has admitted that he could be considered insolvent if the banking crisis continues.
Mountbrook Homes founder, Seán Dunne, who paid €379 million for the Jurys and Berkeley Court hotels and an adjoining site in Ballsbridge, Dublin, in 2005, believes his ambitious plans for the area can still succeed, despite the recession and property market crash.
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