GOLDMAN Sachs Mortgage Co, owed nearly $200 million (€161.5m) by the Irish investors in Florida’s Sawgrass Marriott Resort, has failed in its bid to take over and sell off the company’s assets.

AN action by National Irish Bank for €6.3 million judgment orders against financier Niall McFadden arising from his personal guarantee over loans to a company to acquire the Buy & Sell classified ads business is to go a full hearing, the Commercial Court has ruled.

INTERNATIONAL food services and facilities management group Aramark, which owns the Campbell Catering business, has acquired property management group Veris for about €50 million.

COMMERCIAL property management group Veris is due to provide an update on its strategic review and future ownership at its annual general meeting next month.

THE global credit crunch has hit Boundary Capital’s plans to sell off its golf and fitness club business.

MULTI-MILLION euro proposals by a business consortium to construct a hotel on the grounds of a public hospital were ruled out by the HSE, it emerged last night.

IRISH advertising publication Buy and Sell has been sold for €20 million to Naldin, a company connected to Irish investment vehicle Boundary Group, which is headed by Niall McFadden.

FACILITIES management company Veris said yesterday that chief executive Ross Ivers is stepping down due to illness.

SHARES in Boundary Capital, the investment vehicle run by Niall McFadden, got off to a flyer on its first day of trading on the Irish stock market.

SHARES in Boundary Capital, the investment vehicle controlled by Niall McFadden, will begin trading on the Dublin and London stock markets.

CLOSE to 80% of trading in the shares of new companies that joined both IEX and AIM in the past 12 months takes place in Dublin.

The capitalisation of the IEX market has more than doubled to €1.17bn since the market was launched one year ago, according to the Irish Stock Exchange.

FORMER Paddy Power finance director Ross Ivers has been appointed chief executive of property management firm Irish Estates.

BUILDINGS management specialist Irish Estates is to list on the Dublin stock exchange’s secondary market at the end of the month, it was announced yesterday.

THE country’s leading property management and facilities management companies have been snapped up by a group of private investors in two deals believed to be worth €30 million.

The ISEQ ended the day down 15.49 points to finish at 6,157.28 as traders began to wind down for the Christmas holidays.

The ISEQ has slipped 12.11 points in morning trading today to 6,160.66, with shares in Elan losing 39c.

Irish Life & Permanent has announced the sale of its subsidiary company, Irish Estates Management Ltd (Irish Estates) to a group of private and institutional investors led by Niall McFadden.

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