Tuesday October 20, 2020

UPDATE: NAMA takes over U2 Tower site

The National Asset Management Agency (NAMA) has taken over the site of the U2 Tower as part of a deal with the state-owned Dublin Docklands Development Authority.

25th November, 2011
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The National Asset Management Agency (NAMA) has taken over the site of the U2 Tower after reaching an agreement with the Dublin Docklands Development Authority (DDDA).

As part of the deal, NAMA has agreed to cancel a loan guarantee connected to the DDDA’s €413 million purchase of a different site, the asset-management agency said in a statement today.

Plans to develop the Norman Foster-designed skyscraper by the rock band U2 and its partners...

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