Move to terminate Maplewood contractor led to deadlock in dispute with investment firm Director claims Broadhaven’s €16.2m investment in joint venture is in jeopardy
about 4 hours ago Updated: 44 minutes ago
A move to terminate the involvement of a building contractor used by developer Michael Whelan’s Maplewood Homes on land in Ballycullen in south Dublin led to deadlock in a dispute with a firm which invested €16.2 million in a land acquisition joint venture, it has been claimed in Commercial Court proceedings.
Broadhaven Credit Investments DAC is suing Mr Whelan, a company called MW Homes which he is director of, and his co-Maplewood Homes director Alex Brett, along with a company called Oceanfield Ltd of which Broadhaven describes Mr Brett as being the “corporate representative”.