The National Asset Management Agency has secured judgment for some €43.7 million on consent against a company of developer Liam Carroll arising from the proposed development, including Anglo Irish Bank’s new headquarters, in Dublin’s docklands.
The Anglo development remains half- complete and has previously been described by Mr Justice Peter Kelly as a fitting “tombstone” to the “Celtic Tiger” inflated property boom.
National Asset Loan Management Ltd, a Nama company, applied yesterday for summary judgment for €43,798,678 against North Quay Investments Ltd, in receivership. The company was consenting to summary judgment, Mr Justice Kelly was told.
In court documents, Nama said the application arose from a loan facility agreement executed in April 2008 between Mr Carroll’s Vantive Holdings (now in liquidation) and Anglo. North Quay had jointly and severally guaranteed the obligations of Vantive to repay in accordance with the terms of the facility, it said.