Several Limerick property investments, including two Travelodge hotels, developed in the mid 2000s and controlled by the Cracken Properties group have come to market with agent DTZ Sherry FitzGerald’s Limerick and Dublin offices.

Nama has appointed a statutory receiver to assets belonging to Limerick-based property companies controlled by developers Joe Hanrahan and John Shee.

A NUMBER of property development companies co-owned by well-known Limerick businessmen, Joe Hanrahan and John Shee recorded combined losses of over €12 million in 2009, new accounts show.