Fund seeking judgment for €2.6m against developer
Units 1A and 1B “Swan Lake”, Chapelizod Road, Islandbridge, were developed by David Wright, whose address is 1B. The properties have been valued by a receiver appointed over them at between €1.65m and €2.4m.
The Irish Bank Resolution Corporation said its predecessor, Anglo Irish Bank, loaned Mr Wright €2.25m in 2008 to renew existing facilities to acquire the land and build the two homes. Security was the 0.1acre site of the homes along with another property in Summercove, Rosslare, Co Wexford.
