Pre-tax profits at the country’s largest nursing home group, where two indebted Nama developers transferred ownership of the firm to their wives, increased by 58% in 2011 to €2.5m.

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

AN investment company controlled by developer Sean Lyne recorded a loss of €6.6 million in 2010 before a receiver was appointed, new data shows.

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.

ALLIED Irish Banks is seeking €43 million judgment orders against a building company and three of its directors over unpaid loans issued for developments in Co Kerry, including a nursing home and 81 associated residential units.