David Daly and Nama: ‘You will never build a house again’

The National Asset Management Agency failed in its attempt to gain control of the developer’s assets after it issued a demand for the repayment, within 24 hours, of almost half a billion euro

26th March, 2017

David Daly was the first major Irish developer to exit Nama. He repaid his debts in full by selling the Louis Vuitton Store in London in 2012 to Bernard Arnault, France’s richest man, for £300 million.

Daly is one of the country’s most experienced housebuilders and he owns or has developed a commercial property portfolio that includes Airside Retail Park, Airside Office and Motor Park, luxury apartments and offices in Ballsbridge, commercial property on...

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