Bankrupt Monaghan man seeks to sue real estate company over site valuation
A Monaghan shopkeeper who was made bankrupt following a €32m bank judgment sought High Court permission to pursue a negligence claim against real estate company CBRE over property valuations in Castleblayney. The man borrowed €32m from Zurich Bank in 2007 to develop a shopping centre, relying on CBRE valuations placing the sites at approximately €30m. He subsequently defaulted on the loan and was adjudicated…
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