BBC News - Belfast property firm enters administration owing £50m
Administrators of a failed Belfast property firm have taken control of a collection of antique paintings and a 500-acre Scottish estate.
Herd Estates was placed into administration in December, owing banks around £50m.
The company owned mainly high street shop units in towns across the UK.
It came under pressure as a result of the property crash and after the firm could not find a buyer for its core assets the administrator was appointed.
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