Spencer Dock fees total €12m in over four years

The amount paid out in professional, management, and receiver fees for the receivership of Treasury Holdings’ main Spencer Dock firm now total €12.4m for work for more than four years.

This followed €2.77m in fees having been incurred in the latest six-month period of the receivership, including €145,509 in receivership fees.

David Hughes and Luke Charleton of EY were appointed by Nama as receivers to various retail units, undeveloped sites and part-developed sites owned by Spencer Dock Development Co Ltd in late January 2012.