Nama has appointed a receiver to the former Irish Glass Bottle Site in Ringsend in Dublin.
The site had been bought during the boom for €412m by the State-owned Dublin Docklands Development Authority and developers Bernard McNamara and Derek Quinlan.
The site is named on the latest list of properties subject to enforcement action published by the agency.
The debts of Becbay, a consortium which bought the site, were transferred to Nama. Becbay was an investment vehicle for the Dublin Docklands Development Authority, Derek Quinlan and Bernard McNamara.
The site was bought from South Warf, a company headed by businessman Paul Coulson and the Dublin Port company. While the site has not yet been put of for sale Nama lists estate agents Savills as handling the property.
Today's list also includes a strip of land at Dalymount Park in Phisboro.
Quintin Castle, a popular wedding venue in Portaferry, Co Down is also named on the list.
NAMA properties on market worth more than €1billion
NAMA has revealed that the agency currently has property with a market value of in excess of €1 billion on the market.
Further, it has appointed a receiver to the former Irish Glass Bottle Site in Ringsend in Dublin.
The agency says and that it has completed its evaluation of business plans covering 99% of loans on its balance sheet.
NAMA has added 44 properties in March to bring to 1,195 the total amount of properties now under an enforcement order.
Properties, under an enforcement order but that are listed as 'not for sale at present' will be offered for sale by the relevant receiver as soon as is practicable and in line with NAMA strategy for the properties.
The properties to which receivers were appointed during March include a mix of residential, development, commercial and agricultural assets located in Ireland, Northern Ireland and Britain.
NAMA has updated its website listing all properties that are subject to an enforcement action by the agency.
In its statement it says it encourages potential purchasers who may be interested in properties listed on this site to submit expressions of interest to the relevant receivers or, where applicable, sales agents.
NAMA seeks best return for taxpayer
NAMA's overriding mandate under legislation is to obtain the best achievable return for the taxpayer and this underpins its strategy and day-to-day decision making, whether in terms of its dealings with individual debtors or in terms of its broader portfolio strategies.
In completing work on the business plans for 99% of the loans on its balance sheet, NAMA says that its priority is to maximise the return for the taxpayer.
It will work with debtors, it says, where there is a clear benefit in terms of maximising value from loans and associated properties and where the developer is willing to co-operate with the agency in achieving this objective.
The enforcement approach is adopted only after all other options have been considered.
