Developer’s wife denies Nama claim

The US wife of Irish property developer John Flynn is asking the Commercial Court to declare she has no interest in a Dublin office park as part of Nama’s bid to recover a €22m debt owed by the Flynn family.

Leona Flynn, who lives in Palm Beach, Florida, for most of the year, denies Nama’s claim that the transfer to her husband of her 10% interest in Belfield Office Park never took place or, if it did, it is an unenforceable agreement.

The Flynns dispute a demand for repayment of some €22m issued by Nama over loans made by Anglo Irish Bank to members of the family related to the Belfield property.