An idyllic English country cottage and a creche in Co Cork are among the latest properties to come under the control of the Republic's bad bank.Nama yesterday revealed it had appointed receivers to 48 new properties, giving it a portfolio of 934 sites which are subject to its enforcement action.
Eighty of the sites are in Northern Ireland - though none in the latest haul is located on this side of the border.
The majority are located in the Irish counties of Clare, Cork, Galway and Sligo while there are also four in the south of England.
Three-bedroomed St Margaret's Cottage in Woodlands Lane in the Surry commuter town of Windlesham has an asking price of £600,000. But with the exception of the quintessentially English residence and a few others, most of the latest properties are not on sale. Nama reveals its links only those properties over which it has appointed receivers, usually when it has not been able to reach a business plan with the original owners of the property.
The institution was set up to cleanse the Irish banking system of toxic loans taken out on properties which plummeted in value during the crash.
Thursday, November 3, 2011
Nama takes control of 48 new properties - Business News, Business - Belfasttelegraph.co.uk
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