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Sat 12 Dec 2009Top names on McNamara list of IGB investors
SOME OF the country’s best-known businessmen were named by developer Bernard McNamara this week as the investors involved in the €412 million purchase of the Irish Glass Bottle site in Ringsend.
The 25-acre site has become a symbol of the rise and fall of Ireland’s property boom – sold for a record €412 million in 2006, it is now worth an estimated €60 million. A group of investors is suing Mr McNamara for €62.5 million through a Jersey-registered company, Ringsend Property Ltd. They are also seeking summary judgment of €98 million against Mr McNamara’s company Donatex Ltd.
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