Deutsche Bank lead bidder of €250m Cork loans

The loans linked to assets including Cork's Douglas Village shopping centre

5th August, 2016
Deutsch bank top bidder for 250m in loans Pic: RollingNews.ie

Deutsche Bank is the preferred bidder to buy a portfolio of NAMA loans linked to assets including Cork's Douglas Village shopping centre, according to a person with knowledge of the matter.

The loans, also known as Project Beara, have a face value of €250 million and come from the Shipton Group, a development vehicle controlled by Cork's Love family. The loans are also linked to several development plots.

The person asked not be identified because...

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