Tuesday April 7, 2020

Nama gets to Crosbie's Point

This paper's website broke the news that Nama foreclosed on the Point Village. Now, Business Editor Ian Kehoe reveals the agency's plans for the well-known developer and impresario.

20th April, 2013
Harry Crosbie at the opening of the Grand Canal Theatre in Dublin in 2010. Photo: Collins

Last week the National Asset Management Agency (Nama) seized control of the Point Village and the Grand Canal Theatre. This week the agency will install receivers to Harry Crosbie's 50 per cent stake in the O2 music venue.

The agency has issued a demand for repayment of loans in relation to Crosbie's 50 per cent holding in Amphitheatre Ireland, the company which runs the Dublin music venue.

Live Nation, the international concert promoter, owns the remaining 50...

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