300 apartments seized from Fleming Group

KBC and AIB Bank have seized control of more than 300 apartments from the Fleming Group

The two banks have jointly appointed a receiver over apartments in the Grand Central and South Central developments, in an effort to secure more than €200 million that they loaned to Fleming for the work. Pearse Farrell,a partner with accountancy firm FGS, has been installed as receiver over the assets belonging to two Fleming Group companies.

Article Published: 25/03/2010