Nama set to move on more property firms this week

Nama is to shut down more property developers as early as this week, as it moves to take control of some of the country’s biggest borrowers.

13th November, 2010
Nama set to move on more property firms this week
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Nama is to shut down more property developers as early as this week, as it moves to take control of some of the country’s biggest borrowers.

The agency is also expected to take action against other companies belonging to developer Bernard McNamara, after putting his building firm Michael McNamara Construction into receivership late last Thursday. Informed sources said other developers also faced action in the near future as Nama accelerated its work.

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