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Ireland’s NAMA financing commercial property deals

Posted on 27 October 2011

Ireland’s state-run National Asset Management Agency (NAMA) is offering financing to help offload its commercial property portfolio, but said deleveraging by banks and a proposed law on leases was making life difficult.
NAMA, created to purge Irish banks of nearly 75 billion euros (65 billion pounds) of risky land and development loans, is one of the world’s largest property groups and needs to revive Ireland’s moribund commercial property sector to avoid further writedowns to its portfolio………………………………………..Full Article: Source


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