McFeely loses €9.5m home after appeal fails

Bankrupt developer Tom McFeely has lost his latest court battle over the repossession of his family home on Dublin’s Ailesbury Road.

The High Court yesterday dismissed an appeal he and his wife Nina brought against a Nama company’s legal proceedings which led to the possession of the house on Aug 11 last.

The National Asset Loan Management Ltd (NALM) company obtained the repossession order arising from Mr McFeely defaulting on a €9.5m mortgage taken out in 2005. Mr McFeely’s company Coalport developed the Priory Hall complex in Donaghmede, which was closed last year by order of the High Court due to fire safety concerns.