Wednesday July 8, 2020

Nama to net a neat profit on London property sale

The National Asset Management Agency (Nama) is expected to record a multimillion euro profit on the sale of a London office building that was previously owned by builder Seamus Ross. Ross's Menoll

4th December, 2011

The National Asset Management Agency (Nama) is expected to record a multimillion euro profit on the sale of a London office building that was previously owned by builder Seamus Ross.

Ross's Menolly Group bought the nine-storey building at 107 Cheapside in the City of London for £150 million (€175 million) in 2007, although the deal was not completed until 2009. The transaction was funded by Bank of Ireland, and the bank's loans to Menolly have...

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