Menu
17/09/2012
Barnish Directors Estimate Bank Will Get Just £1.5m Back
A County Antrim property firm, placed into administration last month, has estimated that the former Anglo Irish Bank will get back just £1.5m of the £9.5m it is owed.
Barnish Homes owned a large site on West Circular Road in west Belfast, next to the former Mackies site.
A £9.5m mortgage was registered on the site in 2005.
However, in a statement of affairs, the Randalstown firm's directors estimate that the site is now worth just £1.5m.
The site has planning permission for 247 homes comprising 117 townhouses, 68 mews houses, 14 semi-detached houses and 48 apartments.
When Barnish Homes was placed into administration the bank, now called IBRC, also appointed receivers to some of the assets of a number of related companies.
IBRC is now in the process of running off the bank's loan book and shutting it down.
(H)
Barnish Homes owned a large site on West Circular Road in west Belfast, next to the former Mackies site.
A £9.5m mortgage was registered on the site in 2005.
However, in a statement of affairs, the Randalstown firm's directors estimate that the site is now worth just £1.5m.
The site has planning permission for 247 homes comprising 117 townhouses, 68 mews houses, 14 semi-detached houses and 48 apartments.
When Barnish Homes was placed into administration the bank, now called IBRC, also appointed receivers to some of the assets of a number of related companies.
IBRC is now in the process of running off the bank's loan book and shutting it down.
(H)
Related Northern Ireland News Stories
Click here for the latest headlines.
23 February 2024
£16m Lisburn Housing Development To Build 90 New Homes
Ninety new social homes are to be built in Lisburn, in a new £16m housing development announced by Choice Housing in partnership with the Northern Ireland Housing Executive.
£16m Lisburn Housing Development To Build 90 New Homes
Ninety new social homes are to be built in Lisburn, in a new £16m housing development announced by Choice Housing in partnership with the Northern Ireland Housing Executive.
22 April 2024
Minister Commits To Policies With A 'Real And Meaningful Impact'
At the first meeting of the Communities Committee, Minister Gordon Lyons has committed to delivering policies that make a 'real and meaningful impact'. Whilst acknowledging the scale of the challenge facing all departments in terms of budget, the Minister outlined his ambitions for getting the most from available funds.
Minister Commits To Policies With A 'Real And Meaningful Impact'
At the first meeting of the Communities Committee, Minister Gordon Lyons has committed to delivering policies that make a 'real and meaningful impact'. Whilst acknowledging the scale of the challenge facing all departments in terms of budget, the Minister outlined his ambitions for getting the most from available funds.
11 April 2024
Ministers Welcome Launch Of £1.1m East Belfast Redevelopment
Ministers have welcomed the start of an ambitious new, £1.1 million redevelopment project aimed at improving community relations and tackling homelessness in East Belfast.
Ministers Welcome Launch Of £1.1m East Belfast Redevelopment
Ministers have welcomed the start of an ambitious new, £1.1 million redevelopment project aimed at improving community relations and tackling homelessness in East Belfast.
22 March 2024
Communities Minister Pledges To Address The Housing Crisis
The Communities Minister, Gordon Lyons, has committed to increasing the number of social homes and providing more affordable housing options, in his keynote address at the Northern Ireland Housing Conference.
Communities Minister Pledges To Address The Housing Crisis
The Communities Minister, Gordon Lyons, has committed to increasing the number of social homes and providing more affordable housing options, in his keynote address at the Northern Ireland Housing Conference.
04 December 2008
Maze Move Mooted As Winter Celebration Of Agriculture Comes To Town
The 2008 Royal Ulster Winter Fair - which is set be one of the best in it's 23 year history - starts next week. However, there's news that it may be one of the last such events on the current site.
Maze Move Mooted As Winter Celebration Of Agriculture Comes To Town
The 2008 Royal Ulster Winter Fair - which is set be one of the best in it's 23 year history - starts next week. However, there's news that it may be one of the last such events on the current site.
-
Northern Ireland WeatherThis Evening and Tonight:A dry evening with late sunny spells and some long clear spells overnight. Becoming cloudier across the north towards dawn with a few showers possible. Touch of frost in south. Minimum temperature 0 °C.
