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...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Maxwell trial reveals the dark side of the American dream

Deirdre Heenan: Trade boost shows why unionists need to get pragmatic on the protocol

Nphet’s mission creep has become a dystopian challenge to elected government

‘Solidarity levy’ could be one of many new costs of a united Ireland