Property fund bosses question Nama's role as developer

Two major property investors have expressed reservations about Nama's conversion from toxic loan handler to development force.

12th October, 2014
Stephen Vernon, chairman, Green Reit property. Picture: Feargal Ward

Two major property investors have expressed reservations about Nama’s conversion from toxic loan handler to development force.

Speaking at *The Sunday Business Post* Property Summit last Tuesday, Stephen Vernon, founder of Green Reit, and Kevin McGillycuddy, managing director of Brehon Capital investment fund, both queried the agency’s developer ambitions.

“Nama getting involved in development is a bad move,” said Vernon, who has managed billions of euro worth of Irish property investment...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 5 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 5 years ago