An arm of the property investment firm Urbeo is seeking the winding up of Linbiz Limited, a property vehicle controlled by the Celtic Tiger-era property magnate Bernard McNamara, over a €790,000 penalty debt, the High Court has heard.  A petition was filed on January 6 this year by Winter Santry Limited Partnership, an unsecured creditor of Linbiz. Winter Santry is owned by Urbeo Residential Fund ICAV. The High Court heard this morning that the debt has arisen in relation to a contract of sale for two blocks of 198 apartments at a major 268-unit apartment and commercial development at Northwood…

Want to continue reading?

Join today with an Annual membership and get full access to The Currency for just €200 (68c per day) or try monthly membership for just €5 for your first month.

Subscribe

Cancel at any time.

Are you already a member? .