Friday August 7, 2020

Nama to keep hold of crown jewels' property in docklands

The agency believes the state would miss out on a potential windfall by selling now

6th July, 2014
River deep, value high: Nama's docklands property portfolio will not be auctioned off.

Some things just aren't for sale: Nama's extensive property interests in Dublin's docklands, regarded as the crown jewel of its colossal portfolio, will not be auctioned off as part of any plan to accelerate the wind up of the state's toxic loans agency.

The Department of Finance has accepted that the docklands portfolio should be retained by the state, following advice by Nama that it would earn a far greater financial return by developing the...

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