Property developer Greg Kavanagh was in philosophical form last October when his dream to build a new 300-bed hotel and sports museum in Dublin 4 near the Aviva stadium appeared to be at an end. “Don’t chase losses. Get the receivers appointed and move on,” he told The Currency. He was responding to the news that alternative lender Lotus Decalia had appointed Aiden Murphy of Crowe LLP as receiver over several property assets around Bath Avenue in Sandymount, held by companies under Kavanagh’s control. The ambitious D4 hospitality development had been stalled in planning for six years and the site was unusual. Tom wrote…
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