Hedgeserv In Dublin Rent Tiff

Jul 24 2012 | 11:16am ET

A defunct investment firm has sued Hedgeserv for almost €2 million in back rent.

At issue is Hedgeserv's space in the center of Dublin, Ireland. The firm rented two floors at 75 St. Stephen's Green in 2008 with a 25-year lease, agreeing to pay €2.2 million per year.

Late last year, however, the building's owner Shelbourne Development (Europe) defaulted on its debt and went into receivership. And now, the receiver, Grant Thornton's Michael McAteer, has had the €1.9 million rent dispute moved to the Commercial Court.

A hearing is set for Oct. 17.

Hedgeserv founder James Kelly reportedly acted as a guarantor of the lease.

In Depth

The Importance of Stability in the Evolving Hedge Fund Administration Market

Oct 5 2015 | 8:17pm ET

Hedge fund administration has evolved from simple record keeping to an integral,...


Citadel Supports Manhattan Real Estate With Record Deal

Sep 16 2015 | 3:04pm ET

Never count hedge funds out of a big property deal. The Manhattan real estate market...

Guest Contributor

Hedge Fund Marketing To Independent RIA Firms

Sep 30 2015 | 1:56pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth Inc. explains...


Editor's Note

Upcoming Events