NAMA has airport, golf links and abbey
SALE: Top hotels also on list of 850
SEVERAL high-profile properties in the Dublin area --including Weston Airport -- are now included in NAMA's portfolio.
Golf courses, abbeys, marinas and medical centres are included in its vast list of properties.
A full breakdown of the 850 properties linked to the so-called 'bad bank' stretch from the capital, across the Republic, Northern Ireland and further afield.
The exclusive Portmarnock Hotel and Golf Links is under the control of NAMA, along with close to 30 more hotels and golf course, including Fota Island Hotel, Tulfarris House and Golf Resort, in Co Wicklow, and the Clarion Hotels at both Liffey Valley and the IFSC.
Luxury homes with the D4 addresses of Elgin and Ailesbury roads, and the privately owned Weston Airport in Leixlip, were all on the catalogue revealed by NAMA this week. It was owned by businessman Jim Mansfield.
Some of the more unusual properties include a slice of marshland at Booterstown and Loreto Abbey in Rathfarnham.
And a number of retail properties around the Grafton Street area have been taken under the wing of the agency, as well as offices on St Stephen's Green, College Green, Merrion Square and Fitzwilliam Square.
Some 220 properties are located in Dublin, followed by 80 in Cork and 52 in Limerick.
And it doesn't stop there.
Approximately 32pc of NAMA properties are located in the UK, including the Arcadia Centre, in Ealing, London, the Menai Centre Car Park in Bangor, Wales, and as many as 37 pubs in counties such as Somerset, Devon, Derbyshire and Gloucestershire.
Prospective buyers are told to go to the NAMA website and if they see a property they are interested in then they should contact the receiver listed.
In the agency's annual report it was revealed that just three borrowers have combined debts of €8.4bn -- an average of €2.8bn each.
And NAMA revealed the heavy concentration of property debts were among a small number of borrowers -- which was an indication of the massive gamble taken on big developers during the boom.
Massive
The agency's chief executive, Brendan McDonagh, said it was "astonishing" the top 180 borrowers accounted for €62bn of the €72bn loans at the agency.
NAMA chairman Frank Daly unveiled a massive plan to offer first-time buyers an incentive.
Buyers will be offered a deferral on 20pc of the value of properties it sells if they fall further in value after five years.
But Mr McDonagh said homeowners with loans outside NAMA shouldn't be too concerned about the effect on the value of their property, as the scheme would also benefit them.
"This has the potential to lift all boats," he said. "We are not getting into the market in a huge way."
See page 14
- Claire Murphy