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did AIB know of the property bubble in 2007?

Spacedog · 2010-12-21 13:21:20

I recall reading in 2007 that AIB sold their prime real-estate headquaters, Bankcentre in Ballsbridge, and signed a 10 year lease agreement on the property. According to the RTE Freefall doc' land in this area, at this time mas the most expensive in the world. Did AIB know of the impending crash and maximise the profit on…

21-12-2010 1:21pm

#1

Spacedog

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I recall reading in 2007 that AIB sold their prime real-estate headquaters, Bankcentre in Ballsbridge, and signed a 10 year lease agreement on the property. According to the RTE Freefall doc' land in this area, at this time mas the most expensive in the world.

Did AIB know of the impending crash and maximise the profit on their property holdings?

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