Mansfield businesses put into receivership

THE Jim Mansfield empire is continuing to crumble after NAMA assigned a statutory receiver to a number of businesses linked to the high-profile developer.

NAMA has moved to appoint a receiver — believed to be KPMG — to facilities such as Weston Aerodrome, six apartment blocks beside the CityWest hotel in Dublin and Palmerstown House Estate in Co Kildare.

NAMA appointed the receiver after Mr Mansfield failed to agree a suitable business plan to pay off his debts to the state.