NAMA gets higher than expected bids for Central Park in Dublin

Thursday 30 January 2014 17.55
NAMA has received two bids of over €300m for the Central Park development in Leopardstown
NAMA has received two bids of over €300m for the Central Park development in Leopardstown

It is believed that the National Asset Management Agency has received two bids of over €300m for the Central Park development in Leopardstown in south Dublin.

NAMA had put the development up for sale at a guide price of over €250m. The development is the largest single Irish property asset to be offered for sale by the agency. 

It is thought that the development attracted a total of five bids from interested investors.

Central Park includes five office blocks, a retail building and a multi-family apartment complex with 272 homes. The six commercial buildings were developed by Treasury Holdings, while the apartment complex was built by John Lally’s company, Devano Developments.

NAMA would not comment on the reports.