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.
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!
Exclusive offers:
All Digital Access + eReader
Trial
€1
Unlimited Access for 1 Month
*New subscribers only
Annual
€200
€149 For the 1st Year
Unlimited Access for 1 Year
Quarterly
€55
€42
90 Day Pass
2 Yearly
€315
€248
Unlimited Access for 2 Years
Team Pass
Get a Business Account for you and your team
Related Stories
The year in review
The best writing and and the biggest stories of 2019 from the Business Post
Newsround: What Thursday’s papers say
Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals
More cycle routes, expansion of Luas to Bray and new bus network proposed
Greater Dublin Area draft Transport Strategy published
