388-396 Oxford Street
22/08/2011 by Buildington
Allied Irish Banks AIB has taken control of the building as part of a move against property investor Liam Smyth.

The bank has appointed a property receiver over the six storey building with offices and shops (FCUK and Jane Norman). Smyth bought the building in 2009 for almost £60 million with loans from AIB. It is expected to be put on the market for around £80 million, as AIB seeks to recoup what it is owed.


Source: The Post http://www.sbpost.ie/news/ireland/aib-takes-over-oxford-street-fashion-b uilding-58175.html
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