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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

'No question of NAMA paying bonuses to developers' - statement

NAMA won't pay bonuses to developers

The National Management Agency has said there is no question of the agency paying bonuses to developers.

Business • 19 Dec 14

NTMA staff have a defined benefit scheme

Defined benefit pensions for NAMA staff

Staff at the NTMA and NAMA are on the "most lucrative pension schemes" in the State, a Fianna Fáil frontbench spokesperson has claimed.

News • 22 Oct 14

NAMA made a profit of €102m for the first six months of the year

NAMA wind up expected ahead of schedule

The National Assets Management Agency has said that it expects to be able to wind up its operations ahead of schedule.

News • 22 Oct 14

NAMA's plans to facilitate the development of new office accommodation in the Dublin Docklands

NAMA to sell five major property portfolios

The National Asset Management Agency is to sell five major portfolios of Irish property worth a total of €600 million over the next three months.

News • 01 Oct 14

300 people lost their jobs when the private maternity hospital closed in January 2014

HSE confirms purchase of Mount Carmel Hospital

The HSE has confirmed it has bought Mount Carmel Hospital in South Dublin.

News • 08 Sep 14

736 NAMA properties have been delivered for social housing use

Calls for NAMA to create better social housing

A homeless charity is calling on NAMA to put a greater emphasis on creating quality social housing as the agency moves towards its final stages.

News • 02 Sep 14

NAMA said its aim is to achieve the best financial return on loans to repay money owed to the taxpayer

NAMA criticised over sale of properties in bulk

Auctioneers and Fianna Fáil's finance spokesman have called on NAMA to stop allowing large tranches of houses and apartments to be sold in blocks and to sell them to individual buyers instead.

News • 01 Sep 14

Phase 1 of Carrickmines Retail Park accounts for around 60% of the portfolio's value

NAMA puts retail park portfolio on the market

A portfolio of retail parks held by the National Asset Management Agency has been put on the market for a guide price of €110m.

Business • 30 Jul 14

The Flynn family are being pursued by NAMA for €22m

Wife of property developer loses NAMA case

Leona Flynn, wife of property developer John Flynn, has lost her case against NAMA after the High Court ruled that Mrs Flynn was a borrower of NAMA in respect of the Belfield Office Park loan.

Business • 25 Jul 14

The 2,111 seat theatre is the largest in Ireland and opened in 2010

Bord Gáis Energy Theatre up for sale for over €20m

The Bord Gáis Energy Theatre in the Dublin Docklands has been put up for sale with a guide price of over €20m.

Business • 09 Jul 14

€800m was invested directly in Irish commercial property over the three months to the end of June

Commercial property sales set to hit €4 billion

Investment in Irish commercial property is heading for levels last seen at the peak of the boom, according to research by Jones Lang LeSalle.

Business • 24 Jun 14

NAMA confirms completion of Project Eagle sale process

Largest single transaction by NAMA to date

NAMA has announced that the Portfolio Eagle loan sale transaction has been successfully concluded with Cerberus Capital Management.

Business • 20 Jun 14

72 jobs vacant in the regulation area of the Central Bank

133 job vacancies at Central Bank

There are currently 133 vacancies at the Central Bank according to figures provided by the Minister for Finance.

Business • 05 Jun 14

NAMA offering a 'long leasehold interest' in the 2.35-hectare site in the Dublin Docklands

NAMA looking to develop Dublin Docklands site

The National Assets Management Agency is looking for expressions of interest in a major site in the Dublin Docklands as it looks to develop the property.

Business • 04 Jun 14

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