Monday, April 30, 2012

Nama portfolio for sale grows by 44 properties to exceed €1bn - The Irish Times - Sat, Apr 28, 2012


The National Asset Management Agency has said it has properties worth over €1 billion on the market based on estimated values after adding a further 44 to its list, subject to enforcement.

The new properties include the undeveloped Irish Glass Bottle site in Ringsend in Dublin 4, part of the Dalymount Park site in Phibsborough in Dublin, and the 12th-century Quintin Castle in Portaferry, Co Down.

The properties are assets against which the agency took enforcement action in March.

Nama has 1,195 properties on the market as subjected to enforcement action. The properties to which receivers were appointed in March include residential, development, commercial and agricultural assets located in the Republic, Northern Ireland and Britain.

The Irish Glass Bottle site was one of the biggest purchases of the boom. It was bought in 2006 for €412 million, with loans from Anglo Irish Bank and AIB, by Becbay, a firm owned by developer Bernard McNamara, financier Derek Quinlan and the Dublin Docklands Development Authority. The value of the 25-acre site has fallen to €30 million. It has been named as a possible location of the new National Children’s Hospital

Posted via email from quirkeproperty's posterous

No comments:

Post a Comment