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ARTICLE · 26 FEBRUARY 2014

Real Estate – An Overview of 2013

Mason Hayes & Curran LLP
Mason Hayes & Curran LLP
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Mason Hayes & Curran LLP

Mason Hayes & Curran LLP

Managing Partner: Will Carmody Chair: Philip Nolan Number of partners: 124 Languages: French,...

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We hope that 2013 was a good year for you and your firm and that 2014 brings new opportunities and further success.

IrelandReal Estate and Construction

We hope that 2013 was a good year for you and your firm and that 2014 brings new opportunities and further success. We saw a number of developments in the Irish market last year and you can watch a short video from IDA Ireland with local highlights here, including updates on a number of our clients.

We have prepared a short overview of key developments in the real estate environment during 2013. We hope this proves helpful and if you require any additional information on these topics do please contact one of our team.

1. The Liquidation of IBRC

The liquidation of IBRC, previously known as Anglo Irish Bank Corporation plc, came as a major surprise. The special liquidators are currently completing a market-testing phase, (final bids from those wishing to acquire any of the available tranches) of the sale process which will result in IBRC loans either transferring to NAMA or being bought by third parties. Some borrowers are seeking to buy back their loans.

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