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

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 71%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 8. in SE

Sverige Senaste nytt, Sverige Rubriker