Nama strategy to boost development
Time limit on projects aims to reduce risk of land banking and release the funding squeeze
The speed with which developers are addressing the shortage of Grade A Dublin offices is in sharp contrast with the tardy approach to the shortage of residential accommodation. Not surprising then that Nama has adopted a ploy used during the boom by developers.
In Nama’s case the ploy, known as licensing of development land, is about to be used to help relieve the funding factor which is curtailing residential development.
In its first...
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