Peter Robinson working for large Nama debtor in North
Former first minister was employed as consultant by Paddy Kearney’s firm Kilmona
Former Northern Ireland first minister Peter Robinson: was part of a delegation from Kilmona at the meeting of the Carrickfergus Regeneration Partnership. Photograph: Niall Carson/PA Wire
He was part of a delegation from Kilmona at the meeting of the Carrickfergus Regeneration Partnership, but did not play a large part in the discussions of the company’s plans.
Kilmona was one of Nama’s biggest borrowers in Northern Ireland and its £300 million (€330 million) loans, originally from Anglo Irish Bank, were part of the controversial €1.6 billion sale of those assets by the State agency to US company Cerberus in 2014.
Kilmona paid off Cerberus last year after borrowing £122 million from another company, Jefferies LoanCore, an exercise known as refinancing. The group has a £200 million investment plan for five sites in Belfast.
Its founder and head, developer Paddy Kearney, was one of the so-called Maple 10, a group of property players to which Anglo Irish Bank loaned money in 2008 so they could buy its shares.
The bank was nationalised and wound up in the wake of the financial crisis which struck later that year.
Kilmona is planning a combined residential and commercial development for the site between Belfast and Carrickfergus.