New twist in Abbey tale with €1.5m Nama deal

Former director Mac Conghail offered the sum to Nama to acquire Eden House in July 2011

6th November, 2016
3
The Abbey Theatre PIc: Colm Hogan

The Abbey plot thickens: it has emerged Fiach Mac Conghail, the then director of the national theatre, made an offer of €1.5 million to acquire Eden House from the National Asset Management Agency in July 2011, in an off-market deal that is now being probed by the Public Accounts Committee.

The sale of the strategically located site in Dublin city centre was only completed 13 months later, but Nama accepted the Abbey’s first offer for it....

Subscribe from just €1 for the first month!

Currency

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

Aidan Regan: A tale of one city and a two-tier economy operating beneath it

Economics Aidan Regan 17 hours ago

Bannon could embrace ‘martyr’ role as he defies House subpoena

US Marion McKeone 17 hours ago

Virginia governor race a straw in the wind for US midterms

US Marion McKeone 17 hours ago

Massive expansion in size of state will continue – but how will this money-printing experiment end?

Columnists Dan O'Brien 17 hours ago