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Creditor appoints receiver to one of developer Greg Kavanagh’s companies

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Creditor appoints receiver to one of developer Greg Kavanagh’s companies via IrishTimesBiz

A spokesman for Mr Kavanagh confirmed that the property developer, Mr Walsh and Ms O’Neill had been in dispute for around seven years over Wynnstay House and three other properties in which the parties hold interests.

“The settlement provides for the striking out of proceedings, the release of security on Wynnstay House and Greg Kavanagh giving up his interest in the three other properties.” Ms O’Neill and Mr Walsh will receive cash, thought to be around €3 million, as well as the three properties that Mr Kavanagh has agreed to surrender, if the settlement proceeds.

Ms O’Neill’s lawyers told the High Court in 2020 that Mr Kavanagh owed her €6.4 million, which included interest dating back to 2014.

 

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