The High Court has ordered the winding up of Linbiz Limited, a property vehicle controlled by the Celtic Tiger-era property magnate Bernard McNamara, which owed a €790,000 penalty debt to an arm of the property investment firm Urbeo. Winter Santry Limited Partnership, an unsecured creditor of Linbiz, filed a petition on January 6 this year. Urbeo Residential Fund ICAV owns Winter Santry. The court has now ordered the winding up of the company. David O’Connor of BDO Ireland has been appointed as liquidator. The debt is connected to a previous contract of sale of 198 apartments at a 268-unit development…

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? .