US investment bank Goldman Sachs will on Thursday move to take possession of a boutique hotel in Dublin 4, on the back of almost €26 million in boom-era borrowings.
However, according to a legal letter seen by The Irish Times, receivers appointed by Goldman Sachs have told the occupants – Ann Keane and Patrick Halpin – they intend to take possession of the property on Thursday morning an foot of an order which they first secured in 2013. Ms Keane and Mr Halpin live at the address along with their two children. Speaking to The Irish Times, Ms Keane said she had no intention of providing vacant possession to the receiver, who was appointed by Kenmare Property Finance, an Irish-based subsidiary of Goldman Sachs, which the firm uses to control some of its Irish loans.“I’m not going anywhere on Thursday. This is my home, my only income, my business – I don’t have anywhere to go.
Since then, Ms Kean and Mr Halpin have fought a protracted courtroom battle to stay in their home, disputing the validity of the cross-guarantee between the two companies. In 2016, a set of proceedings – described by lawyers for Goldman Sachs as an attempt to “stymie possession” – was dismissed as an abuse of process by the High Court.
They have another hotel in clare and 1.2mil to boot, they should just downsize and start again
Disgusting that these rich people think they can get away with paying their debts!! Would be great if you could give the real people of this country who have lost their homes and now ironically live in B&B’s the time to tell their stories and what are now going through daily.