Ten developers want €1.5bn in Nama loans

The ten most indebted property developers in the country are seeking up to €1.5 billion from the state in order to complete projects.

Ian Kehoe - avatar

Ian Kehoe

26th June, 2010

The ten most indebted property developers in the country are seeking up to €1.5 billion from the state in order to complete projects.

The ten developers, who have loans totalling €16 billion, have requested the extra funding from the National Asset Management Agency (Nama), which took over their loans at the end of March in the first round of loan transfers.

They have informed Nama that they need about €1.5 billion more to meet their...

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