Receivership costs for Mick Wallace’s main construction firm top €420,000
This has resulted in a surplus of only €44,362 at the end of the latest period covered by receiver Declan Taite of RSM Farrell Grant Sparks (FSG).
In May 2011, ACC Bank appointed Mr Taite to three of Mr Wallace’s main property assets, the Italian Quarter on Dublin’s Ormonde Quay, an apartment complex near Croke Park and development land in Rathgar. According to the receiver’s extract lodged with the Companies Office, it states the 11 residential apartments and nine commercial units located in Dublin 1 have an estimated value of €3m.
