Developer McKillen takes first legal challenge against Nama


#128

I’m not so convinced that the action is contrary to Nama’s best interest; the Barclay brothers’ MO has always been to buy assets on the cheap from distressed investors; IMHO they tried to shaft McKillen with “Fat Arse” going along with this;

Comparing McKillen to Sean Quinn is not accurate or fair

Of course they should be trying to recover maximum amount of loans ASAP, but at the expense of those actually servicing their loans?


#129

London court finds against McKillen

irishtimes.com/newspaper/bre … ing30.html


#130

ft.com/cms/s/0/b54793c6-e2e2 … z239YjmyrG


#131

[PROPERTY DEVELOPER Paddy McKillen vowed to continue his fight with the billionaire Barclay brothers](PROPERTY DEVELOPER Paddy McKillen vowed to continue his fight with the billionaire Barclay brothers)
irishtimes.com/newspaper/fin … gn=digests

I remember reading the John Grisham books in the 90’s and the rich in the states seemed obsessed with avoiding paying money to the government in taxes at all costs. They would happily pay 100k to a tax consultant to avoid paying 100k in tax.

Is this the same here? Are the property developers of Ireland happily trying to avoid paying money back to the banks/nama/the state by giving their money to their solicitor friends instead for pointless court cases? Treasury Holdings seem to be doing the same. They should be concentrating on generating money and value for the tax payer. Cuts costs, don’t increase them


#132

independent.ie/national-news … 96641.html


#133

Well he was in Michaels so that’s possible.

Joking aside, it’s hard not to feel sorry for these deveopers’ kids. They’re being dragged into the spotlight and it’s nothing to do with them.


#134

Actually I take that back. His Facebook image is a picture of his CLK convertible. Twat.

Edit: plus pics of his Fixie bike. Hipster twat.


#135

London court finds that McKillen pay all costs of the court case against Barclays/Nama. Estimated to be £20m :exclamation:


#136

Hey, Al, don’t be down on the fixies. I’m riding one for 10 years, long before the current Hoxtonisation of the bicycle.


#137

Now we’ll see the real extent of the Barclays’ “friendship” with Quinlan, will they continue to keep him in the lifestyle to which he has become accustomed …


#138

You were a hipster before it was cool :slight_smile:


#139

irishtimes.com/business/sect … -1.1451353
McKillen loses London appeal over control of hotels


#140

independent.ie/business/iris … 36697.html


#141

independent.ie/business/iris … 23537.html


#142

irishtimes.com/business/dere … -1.1862958

:sick:


#143

irishtimes.com/business/padd … -1.1920590

Paddy McKillen’s battle for three of London’s best-known hotels
Interview: Developer fighting bitter battle to keep Claridge’s, Connaught and the Berkeley


#144

In the Sunday Times yesterday they said McKillen has bought the Booterstown marsh for €1m


#145

Would the zoning accommodate a hotel?


#146

The one where the Eastern bypass is supposed to go?


#147

estatesgazette.com/berkeley-hotel-sale/?x=1

Can’t accuse them of being sentimental anyway - they’re dumping one of the hotels after a wet day of ownership, but as they say, it is the least prestigious of the trio. All over the world, middle eastern companies, individuals and nations have tended to bid the highest prices to secure trophy assets in cities like Paris, London, etc. Now the question is, when they try to sell (and try to achieve more than they paid (and potentially overpaid)), who is going to buy them out?!