GLENAMADDY NATIVE DECLARED BANKRUPT IN BRITAIN

Date Published: 11-Jan-2012

The property developer, Glenamaddy native, Danny Grehan has followed in the footsteps of his brother Ray and has been declared bankrupt in Britain.

The Grehans once paid a record 84 million euro per acre for land at the UCD Veterinary College in Ballsbridge in 2005.

The site is currently being used as a car park and is valued at 20 million euro.

The brothers were ordered by the courts to repay over 300 million euro each to NAMA last year.