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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