Investment firm settles dispute with Paddy McKillen jnr over loan guarantee

The Four Courts. A dispute between an investment finance company and businessman Paddy McKillen jnr over a guarantee on loans has been resolved, the Commercial Court has heard.A dispute between an investment finance company and businessman Paddy McKillen jnr over a guarantee on loans has been resolved, the Commercial Court has heard.

Mr McKillen jnr is a co-founder of Ireland’s largest hospitality group, Press Up, and son of well-known developer Paddy McKillen snr. Election 2024 results live updates: Cavan-Monaghan the last count still ongoing as speculation over next coalition growsWhen it returned on Monday, barrister Ross Aylward, for AHG, said the time had “borne fruit” and he was glad to say the case had been compromised.

In its proceedings, AHG claimed Mr McKillen jnr had provided a personal guarantee, limited to €1 million plus interest, on loans totalling €10 million to buy The Central Hall and adjoining buildings in Corporation Street/Ryder Street, Birmingham. The plan was to redevelop it as a 155-bed “Dean” hotel with a 1,500 capacity event venue.

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Investment firm seeking €1.19m judgment against Press Up co-founder Paddy McKillen jnrAt issue is guarantee on loans to buy property in England for development as a 155-bed hotel and 1,500 capacity venue
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Receivers appointed to McKillen jnr company behind Bray Central shopping centreWicklow County Council agreed to sell the site to Navybrook in 2019
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