Home
Laragan Developments Statement as at 24th June 2009
Laragan Developments, can confirm that a series of creditors meetings are currently taking place as part of the formal examinership process. Paul McCann of Grant Thornton was appointed by the High Court to act as Examiner to Laragan Developments Limited in March 2009.
As part of the examinership process, the Examiner has recommended that the creditors for both the Carrickmines and Milners Square developments shall be released from their individual contractual obligations and will receive compensation of one cent in the euro per deposit paid. This will be paid within a 30 day period.
Laragan Developments has sought to make completed apartments available in both the Carrickmines and Milners Square developments for these affected creditors, offsetting their initial deposits against the cost of apartments now valued at today’s market prices, which are considerably less then when originally advertised.
This offer has been and remains open to all affected depositors of units in Carrickmines and Milners Square.
David Cantwell from Hooke & MacDonald (contactable on 01 6610100/086 2563852) is actively seeking to meet with affected creditors to facilitate this offer.
_________________________________________
The Hanly Group comprises of six autonomous firms specialising in six different areas of quarrying and construction. Hanly Brothers Limited was established in 1970 with headquarters in Co.Roscommon, Ireland.
The Hanly Group focuses its considerable expertise in three key areas: quality material production, investment handling and design and build projects. In all three areas, it continues to establish industry benchmarks through the quality of its projects and the speed of their execution.
The Hanly Group has set new standards in all aspects of project management: from planning to implementations, from marketing to the final sale.
