Northern Ireland

Nama repossesses east Belfast bar Bunch of Grapes

It has emerged that the well-known east Belfast bar, the Bunch of Grapes, has been effectively repossessed by Nama, the Republic of Ireland's state controlled 'bad bank'.

Nama appointed administrators to Candon Developments, which owned the Beersbridge Road pub, late last year.

The company was controlled by Donaghadee-based developer William Rush.

The administrator's report suggests the bar and its licence are worth £100,000.

The Bunch of Grapes was at one time owned by the UDA leader Jim Gray, who was shot dead in 2005.

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