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Anglo Irish to Auction Manhattan Condos in Foreclosure Sale

Anglo Irish Bank Corp., the Dublin- based lender seized by the government after its real estate loans soured, will auction 232 unsold condo units in Manhattan’s Battery Park City today in an attempt to recoup $135 million it is owed on the project.

The apartments at 225 Rector Place will be sold in bulk along with a garage and commercial space to maximize the return, said Chris Sullivan, a partner at New York-based law firm Herrick, Feinstein LLP who is representing Anglo Irish in the sale.