121 firms express interest in entering joint ventures with NAMA

Thursday 03 April 2014 17.22
NAMA said it would refer to the submissions should potential joint venture opportunities arise
NAMA said it would refer to the submissions should potential joint venture opportunities arise

More than 120 firms have expressed an interest in entering joint ventures with the National Asset Management Agency in the past month, according to the organisation.

In late February NAMA sought submissions from parties interested in partnering on potential projects, which could involve the development of sites currently held by the agency.

A total of 121 parties have shown an interest in such a partnership, according to NAMA, with more than half of them coming from organisations based outside of Ireland.

More than 50 of the submission were from companies interested in projects with a value of more than €100m, while 69 wanted to partner in projects with a value of between €50m and €100m.

The agency said it will now compile a list of the submissions, which it will refer to should any potential opportunities arise in the future.

NAMA also said it would extend the opportunity for companies to submit expressions of interest, which had been due to end on 31 March.