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NAMA says the 'Project Arrow' loan sale has obtained the best achievable return for the State

Cerberus preferred bidder for 'Project Arrow'

NAMA has selected Cerberus - the company at the centre of controversy in Northern Ireland - as the preferred bidder for its 'Project Arrow' portfolio of mostly small non-performing loans with an original value of €6.25bn.

Business • 23 Oct 15

The development will deliver over 660,000 square feet of new space and will include 316,000 square feet of office space across three buildings

Planning approved for new docklands development

US real estate firm Kennedy Wilson and its equity partners has secured planning permission for a 4.8-acre development on Sir John Rogerson’s Quay in Dublin city centre.

Business • 20 Oct 15

Minister Howlin announced an extra €69m is being allocated for social housing

Building sector still dysfunctional - Noonan

Minister for Finance Michael Noonan has said the "building and development sector" is still dysfunctional and experiencing market failure.

Budget 2018 • 13 Oct 15

Fianna Fáil will table a Private Members' motion in the Dáil next Thursday

FF to seek commission investigation into NAMA sale

Fianna Fáil will seek to establish a Commission of Investigation into the sale of NAMA's Northern Ireland property portfolio in the Dáil next week.

News • 09 Oct 15

The department has released documents on the sale of NAMA's property portfolio in NI

Dept releases documents on NAMA NI portfolio sale

Department of Finance documents released tonight show that NI Deputy First Minister Martin McGuinness was party to a conference call about a letter which he said he was unaware of last week.

News • 30 Sep 15

NAMA CEO Brendan McDonagh says the agency is two years ahead of schedule to repay its senior debt

NAMA redeems €1.75 billion in senior debt

The National Asset Management Agency said today it has redeemed €1.75 billion of senior debt, its third such move this year.

Business • 30 Sep 15

Project Jewel includes loans relating to the Dundrum Town Centre in Dublin (pic: RTÉ Libraries and Archives)

NAMA to sell Dundrum loan portfolio for €1.8bn

A joint venture between UK property group Hammerson and Germany's Allianz Real Estate have been selected as the preferred bidder for the National Asset Management Agency's Project Jewel portfolio.

Business • 30 Sep 15

The correspondence received by the Taoiseach's office from Fortress was also sent to NAMA

Bidder letter for NAMA's NI portfolio published

The Government has published a letter sent to the Taoiseach's office from a failed bidder in the sale of NAMA's Northern Ireland portfolio.

News • 25 Sep 15

NAMA's Project Jewel loan portfolio includes the Dundrum Town Centre

NAMA gets three bids for Dundrum Town centre

NAMA is said to have received binding bids last night from the reduced three finalists for the €2.4 billion Project Jewel loan portfolio, which includes the Dundrum Town Centre.

Business • 25 Sep 15

Shortage of housing adding to homeless crisis

Govt looks at NAMA role to tackle housing crisis

Ministers are to examine further measures to ease the housing crisis following a meeting of the Cabinet sub-committee on social affairs.

News • 21 Sep 15

Stormont committee investigating NAMA sale of Northern Ireland portfolio

Stormont set to compel NAMA to appear at inquiry

The Finance Committee of the Stormont Assembly wants to compel officials from NAMA to give evidence in Belfast after NAMA refused to do so voluntarily.

Ireland • 05 Aug 15

Peadar Tóibín argues private companies are buying assets from NAMA and securing significant sums of profit in short periods of time

Sinn Féin calls for review of NAMA loan book

Sinn Féin has called for a detailed review of NAMA's loan book to ensure the agency is bringing maximum value to Irish citizens.

News • 04 Aug 15

Mick Wallace has alleged that £7m in an Isle of Man account was reportedly earmarked for a Northern Ireland politician

Investigation into NAMA bribe claims under way

Gardaí have begun an investigation into claims in the Dáil by Independent TD Mick Wallace that an official at NAMA sought a bribe from an agency debtor.

News • 15 Jul 15

NAMA had said it was the biggest single transaction in the agency's history

Lawyer denies NAMA deal money was for politician

The Belfast lawyer at the centre of the controversy over millions of pounds of fees relating to the purchase of NAMA’s Northern Ireland property portfolio has said no politician in Northern Ireland was ever to receive money from the deal.

News • 15 Jul 15

Micheál Martin wants a commission of investigation established

Inquiry call into NAMA sale of NI portfolio

Fianna Fáil leader Micheál Martin has asked the Taoiseach to agree to establish a commission of investigation into the sale of the property loan book in Northern Ireland by the National Asset Management Agency.

News • 14 Jul 15

The National Crime Agency said it has been asked by the PSNI to drive the inquiry in to an alleged multimillion pot to make pay-offs

UK crime agency to lead NI property deal inquiry

The UK's top law enforcement body is to lead the investigation into corruption allegations at the heart of the largest ever property deal in Northern Ireland.

News • 10 Jul 15

The PSNI is engaging with a number of law enforcement partners as part of the investigation

PSNI to investigate 'Project Eagle' claims

The PSNI has launched a criminal investigation regarding concerns over the sale of NAMA's Northern Ireland property portfolio and the recent claims made by Independent TD Mick Wallace under Dáil privilege.

News • 09 Jul 15

Before the agreement was concluded NAMA sought confirmation over certain conditions relating to the deal

NAMA's NI portfolio buyer says it met requirements

The US capital management company, Cerberus, that purchased NAMA's Northern Ireland portfolio of properties has issued a statement saying it received assurances from legal firms involved in the deal that conditions set down by NAMA had been honoured.

News • 06 Jul 15

Independent TD Mick Wallace raised the issue in the Dáil yesterday

NI parties urge Wallace to pass on information

Northern Ireland's five main political parties have urged Independent TD Mick Wallace to pass any information he has about irregular activities around a major property deal in Northern Ireland on to gardaí.

News • 03 Jul 15

NAMA has redeemed 64% of the €30.2 billion senior debt it issued to buy loans from banks here

NAMA to cut staff numbers as part of wind down

The National Asset Management Agency says it has plans to lay off 70 staff by the end of the year as part of its wind down, with a further 165 people scheduled to go next year.

Business • 27 May 15

NAMA took over the loans of 16,000 properties nationwide from bankrupt developers but found extensive defects

NAMA to invest over €100m in improving properties

It has been revealed NAMA will spend more than €100m bringing properties up to standard.

News • 21 May 15

NAMA's Frank Daly (L) and Brendan McDonagh (R) are before the banking inquiry

NTMA director not consulted over bank guarantee

A director of the National Treasury Management Agency was called to Government Buildings on the night of the bank guarantee but was not consulted or engaged with in relation to it, the bank inquiry has heard.

News • 22 Apr 15

Professor Alan Ahearne said there were very few predictions of a 'hard landing'

Recapitalising banks is not 'money down the drain'

Head of Economics at NUI Galway Alan Ahearne has said that the money used to recapitalise the banks is not money down the drain.

News • 04 Mar 15

The cash surplus estimate is around twice NAMA's own estimated profit of approximately €500m

Review of NAMA estimates higher expected surplus

The Department of Finance believes there will be a cash surplus of approximately €1bn for the taxpayer at the end of 2016, after NAMA disposes of its assets and reaches bond redemption targets.

News • 08 Feb 15

Joan Burton was responding to comments made at a PAC meeting this week dealing with NAMA

Burton critical of NAMA developer incentive scheme

Tánaiste Joan Burton has described as an appalling idea the suggestion that developers dealing with NAMA would get bonuses.

News • 21 Dec 14

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