McDonagh told Nama board that housing plans had to be ‘scaled up’

McDonagh told Nama board that housing plans had to be ‘scaled up’
Brendan McDonagh, the chief executive of the National Asset Management Agency (Nama) Pic: RollingNews.ie

Chief exec said Nama hoped to deliver 20,000 housing units by the end of 2020

Brendan McDonagh, the chief executive of the National Asset Management Agency (Nama), told his board in March 2016 that the agency “needs to scale up” its housing plans from 40 to 100 sites per annum.

He also said Nama needed to be of an “equivalent scale to an upper-tier British plc housebuilder in a much smaller market”.

His views on the housing market are contained in a board presentation released after a Freedom of Information request entitled “Deleveraging...

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