Wednesday December 11, 2019

AIB buys branches back from Nama developer Gannon

6th September, 2015
Gerry Gannon

AIB is buying back most of the portfolio of its own bank branches that it sold to Nama developer Gerry Gannon during the boom, at a knockdown price.

Gannon, who is selling to pay down debt as he pursues a Nama exit, originally bought 12 of AIB’s top Dublin branches in a €100 million sale and leaseback deal in 2006.

It’s not known who financed the deal.

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

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



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

Mortgage gouging by banks does not serve society well

Matt Cooper | 3 weeks ago