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Wed 02 Feb 2010Kelleher firm's €149.6m loss linked to Chicago Spire project
A COMPANY in the Shelbourne Property Group owned by developer Garrett Kelleher has reported a pretax loss of €149.6 million after it made a provision for debts owed to it by other group companies.
A large part of the debt is linked to the stalled construction of the landmark Chicago Spire in the US, a €1 billion-plus project that was being part-funded by the now nationalised Anglo Irish Bank.
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