Wallace’s flagship property assets only worth €4m

Flagship property assets owned by independent TD Mick Wallace’s main construction firm, M&J Wallace, now have only a combined estimated value of €4m.

That is according to documents lodged by Declan Taite, of receiver RSM Farrell Grant Sparks, with the Companies Office.

Last May, ACC Bank appointed Mr Taite as receiver to three of M&J Wallace’s main property assets.