Sunday July 12, 2020

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!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 6 months ago

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

Leanna Byrne | 4 years ago