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Victoria Homes, a Dublin-based housebuilder owned by Celtic Tiger builder Paddy Byrne, has resolved all outstanding issues with Lotus Investment Group that saw a receiver appointed over some of its assets.
Last May, funds linked to Lotus Investments Group, an Irish-based private equity firm for property and construction finance, appointed a receiver over certain assets of Victoria Homes and related company Ladywell Homes.
Lotus Investments Group is chaired by Israeli investor David Grin and counts Ian Lawlor as its managing director.
Myles Kirby, a managing partner at Kirby Healy Chartered Accountants, was appointed as the receiver for a single asset in Co Kildare owned by Victoria Homes. Kirby was also appointed receiver of the Corrybeg Way development of 16 homes near Templeogue.