Thursday September 24, 2020

Nama to invest €2 billion in Ireland by 2016

UPDATE: The National Asset Management Agency has said it will invest about €2 billion in Ireland by 2016.

23rd May, 2012
Nama’s loan portfolio has more potential than was originally expected, according to its chairman, Frank Daly.

The National Asset Management Agency has said it will invest about €2 billion in Ireland by 2016.

NAMA chairman Frank Daly told a business breakfast in Galway that the investment could generate 25,000 jobs in construction, as well as an additional 10,000 jobs in the wider economy. The investment will be aimed at completing commercial and residential projects and to develop future greenfield sites.

Daly told the meeting that in some market segments, such as large offices, supply...

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