Deutsche Bank is preferred bidder for €250m loan book

Deutsche Bank is preferred bidder for €250m loan book

Deal cement Deutsche’s place as one of largest owners of retail debt

Deutsche Bank has emerged as the preferred bidder for Nama’s €250 million Project Beara, which is secured on loans linked to the Shipton Group, a development vehicle controlled by Cork’s Love family.

It is understood that the German banking giant saw off competition from Goldman Sachs, Marathon Asset Management and Avenue Capital.

It is the fifth loan book Deutsche Bank has bought from Nama, having previously successfully bought Projects Arch, Boyne, Maeve and Spring.

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