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Doomed to fail: Irish investors speak out on the cost of Ulster Bank’s British pub deals | Business Post

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Doomed to fail: Irish investors speak out on the cost of Ulster Bank’s British pub deals – LorcanAllen reports.

Ulster Bank provided 100% loans for Irish investors to buy pubs in England, but the deals were not what they seemed. Picture by Leon Farrell/Photocall Ireland

It was the height of the Celtic Tiger in Ireland, and a number of Irish investors were making their way to London for special auctions being run by Allsop, the property firm. The main attraction on each occasion was the sale of a number of pubs located throughout England by London & Edinburgh Inns, a British company that operated a chain of almost 700 pubs and more than 150 hotels.

 

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