Dublin’s O’Connell Street could be about to get another hotel. An overseas investor has agreed to pay slightly over €6 million for the half-empty Findlater House office block near the Gresham Hotel, which is to be sold on behalf of NAMA. The State asset manager has yet to approve the sale. The price offered is [...]
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14th March 2013
NAMA unveils third phase of 80:20 Deferred Payment Initiative
The National Asset Management Agency (NAMA) has today launched the third phase of its residential mortgage 80:20 Deferred Payment Initiative, featuring an additional 100 houses and apartments in four counties and bringing the overall offering to close to 400 properties. The properties included in the new phase are located in counties Cork, Dublin, Limerick and [...]
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21st February 2013
NAMA plan to invest €2bn in developments
The National Asset Management Agency has outlined plans for a €2bn investment in residential and commercial developments. The agency said proposals include the development of new offices in Dublin’s docklands designed to attract foreign investment and expand the financial services sector. NAMA will also look at developing residential areas, where demand exists in towns nationwide. [...]
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21st February 2013
Ellis hits out at government’s social housing policy
Sinn Féin housing spokesperson, Dessie Ellis TD has described the government’s response to the shortage in social housing as nothing more than a charade. He made his comments during a Dáil debate on a Sinn Fein motion tabled by Deputy Ellis dealing with social housing and mortgage distress. He said: “The government in its Housing Policy [...]
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12th February 2013
London landmark put up for sale by NAMA
London’s landmark Gillette Corner has been put on the market by NAMA. The former site of the European headquarters of Gillette was originally bought in 2005 for £30 million by Donegal developer Jim McGettigan’s Bonnington Group. Agents for the group, Savills and Mason Owen & Lyons said in a statement this morning that they had [...]
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3rd January 2013
NAMA has generated €10.5bn since inception
NAMA has today issued an end-year summary of progress made in 2012, and since its inception, on a number of its key objectives and targets. Among the highlights are the generation of €10.5 billion in cash flows since inception. It is estimated that €6.9 billion of this relates to asset disposals and €3.6 billion to [...]
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20th November 2012
McFeely’s Ailesbury Road home goes on the market
The former home of developer Tom McFeely at Number 2 Ailesbury Road has been placed on the market by the National Asset Management Agency. The 5,000 square foot property in Ballsbridge, Dublin 4 has gone on the market for €3 million with Colliers International just 24 hours after the High Court rejected Mr McFeely’s bid [...]
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14th November 2012
NAMA to invest €20m in Drogheda shopping centre
NAMA is to invest €20m in an extension to the Scotch Hall development in Drogheda. The investment will create 150 construction jobs and a further 150 retail jobs when its completed. The development will include an 8-screen cinema, a food court with five units, a retail complex and 300 additional parking spaces. The deal for [...]
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22nd October 2012
NAMA investors believe property market is “close to stabilisation”
Partners of a UK investment firm who have bought a 17% stake in the National Asset Management Agency’s holding company NAMAIL have insisted that they believe the property market here is “now close to stabilisation.” NAMAIL was established as an investment holding company to facilitate the participation of private investors in the NAMA project. The [...]
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16th October 2012
NAMA reports €222m profit in first half of 2012
The National Asset Management Agency (NAMA) has reported a net profit of €222m in the first half of the year according to the Section 55 Quarterly Report for Q2 2012 which was published by the agency today. The Section 55 Quarterly Reports detail the agency’s performance quarter by quarter and are presented to the Minister [...]
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no way has it bottomed out as the next budget will crucify us even further. Overspending in heal...
