Frinailla latest casualty after Ulster Bank’s €100m asset seizure

ULSTER Bank’s move on €100 million worth of Cork city property assets belonging to the Frinailla Group is the largest market casualty to date yet in the southern city.

Frinailla latest casualty after Ulster Bank’s €100m asset seizure
Tue, 18 May, 2010 - 01:00
Tommy Barker Property Editor

The move followed last March’s swoop by Bank of Ireland on Frinailla’s completed €50m City Square development on Watercourse Road, Blackpool.

Questions remain over the viability of other key sites – such as a Grand Parade development site – controlled by the family-owned group.

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