Creditors agreed to the wind-up of the companies, which owe millions of euro. Meanwhile, a separate row between McKillen Jr and his property lender Relm is escalating in the High Court.
The dispute was resolved as other Oakmount subsidiaries continue to dispose of assets and face demands from creditors.
The Bray Central shopping centre and entertainment venue is the latest property to face enforcement by lenders to the property arm of Paddy McKillen Jr's business.
Receivership and legal action mark the latest developments in Paddy McKillen Jr’s debt challenge.
The deal will help Paddy McKillen Jr reduce his debt exposure and provides the retailer with a valuable mixed-use development opportunity.
The south Dublin mixed-use property is the most valuable put on the market recently by the development business of Press Up founders Paddy McKillen Jr and Matt Ryan.
Johnny Ronan's property development group launched legal action against Dublin City Council last month over the procurement process to develop a major coastal site, since aborted. The preferred bidder is now entering the legal battle.
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