Nama's Duignan assets will need a further €100m investment

The property assets of Project Club, a €320 million portfolio being auctioned off by Nama, will require a further €100 million investment for development, it has emerged.

11th May, 2013

The property assets of Project Club, a €320 million portfolio being auctioned off by the National Asset Management Agency (Nama), will require a further €100 million investment for development, it has emerged.

The loans, which were extended to the property developer Eamonn Duignan, have a face value of €230 million to €320 million, but are expected to fetch between €50 million and €70 million.

The sale for Project Club is being handled by CBRE London...

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