Sunday May 31, 2020

Nama's €1 billion golden mile

The state agency believes it can succeed where a string of major developers failed and transform Dublin's docklands, writes Philip Connolly.

1st June, 2014
The Dublin docklands: Nama has an interest in 70 per cent of the area's new Strategic Development Zone. Picture: Peter Barrow

Nama, the state’s toxic debt agency, is prepared to spend €1 billion of its own cash developing residential and commercial property in Dublin’s docklands, a stretch of land that has previously scuppered the ambitions of a host of big-name developers.

The agency has received expressions of interest from more than 120 proposals from prospective joint venture partners to develop projects in the docklands. However, Brendan McDonagh, Nama’s chief executive, said it...

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