Mel Sutcliffe fund "ready, willing and able" to redeem €120m of Relm loans

First the Commercial Court, then New York. Now a new strike by Goldstein Property, advised by Mel Sutcliffe's Quanta Capital, is to try and block joint receivers selling commercial property assets secured on Relm loans. Property investor Mel Sutcliffe has made a legal strike to stop joint receivers appointed by Relm Finance disposing of commercial properties in Ireland secured on loans of over €100 million. The CEO of Quanta Capital, investment advisor to the fund Goldstein Property Icav, maintains that the fund is "ready, willing and able" to redeem the Relm facilities via a new loan from Earlsfort Capital Partners. However, in new legal proceedings, he claims his offer of redemption was turned down by the receivers in February and he is now concerned they will realise around 40 property assets at a "gross undervalue",...