THE NATIONAL ASSET Management Agency has begun legal action against developer Sean Dunne.
A spokesperson for Nama confirmed to TheJournal.ie that the agency has served papers on Dunne; it is believed that it intends to pursue personal guarantees given by Dunne to cover a number of property loans.
The total of Dunne’s personal debts could exceed €100 million, the Irish Times reports.
The agency appointed a receiver to some of the properties owned by the developer last year. Those properties included in the receivership were Hume House in Ballsbridge - which was bought for €130 million in 2006 – and properties at the Docklands, Sandymount, Rathfarnham and Herbert Street.
However, the former Jury’s Hotel in Ballsbridge was not included in the process.
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