Mel Sutcliffe’s Quanta Capital says receiver has been appointed to 27 property assets that it manages by lender Relm Finance
Mel Sutcliffe’s Quanta Capital says receiver appointed to 27 assets that it manages by lender Relm Finance
The Irish Times has established the list of properties subject to the receivership including 23 Shelbourne Road, in Ballsbridge, Dublin 4, home to the Israeli embassy. Israel recalled its ambassador to Ireland in May after the Government announced its decision to recognise the state of Palestine. Representatives for Relm Finance and Interpath Advisors declined to comment, while property consultants Bannon, which is managing the properties on behalf of the receivers, did not respond to a request for comment.
Relm Finance has issued over €1.2 billion of loans over the past seven years, according to its website. It restricts itself to providing loans of no more than 75 per cent of the value of a property asset.
Quanta-Capital Relm-Finance Receivership
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