Nama takes over McNamara properties this week

Properties belonging to Bernard McNamara, once the biggest developer in the country, will come under the control of the National Asset Management Agency (Nama) this week.

20th November, 2010

Properties belonging to Bernard McNamara, once the biggest developer in the country, will come under the control of the National Asset Management Agency (Nama) this week.

Nama is expected to appoint receivers over projects developed by McNamara, whose interests include the Elm Park development of apartments and offices in Dublin, a share in the Irish Glass Bottle site and a stake in the Shelbourne Hotel.

The move will come as Nama seeks the repayment of...

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