Nama planning no 2010 liquidations

The National Asset Management Agency (Nama) has not allocated any money to cover the liquidation of developers next year in its business plan.

17th October, 2009

The National Asset Management Agency (Nama) has not allocated any money to cover the liquidation of developers next year in its business plan.

The agency expects to spend €160 million a year on liquidation expenses once it gets up and running. However, its 35page business plan does not include any liquidation expenses for 2010,which suggests that it does not expect to close down any developers next year.

Nama expects to spend more than €240 million...

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