Thursday 17 January 2019

NAMA in €300m property sell-off

NAMA is believed to be on the brink of its largest sale to date -- the €300m sale of a building in Grosvenor Square, London.

The building, at 20 Grosvenor Square, was the headquarters for US President Dwight Eisenhower during World War Two and is near the US Embassy.

The loan was originally advanced by Irish Nationwide, led then by Michael Fingleton, above, but was taken over by NAMA last year. The property is understood to be owned by UK restaurateur and businessman Richard Caring. It is believed the sale could be done within weeks.

The news comes in the wake of Treasury Holdings' sale of its Montevetro building in Dublin to Google.

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