Deutsche Bank has emerged as the preferred bidder for Nama’s €250 million Project Beara, which is secured on loans linked to the Shipton Group, a development vehicle controlled by Cork’s Love family.
It is understood that the German banking giant saw off competition from Goldman Sachs, Marathon Asset Management and Avenue Capital.
It is the fifth loan book Deutsche Bank has bought from Nama, having previously successfully bought Projects Arch, Boyne,...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team