The German bank faced competition for the portfolio from Merrill Lynch, Oaktree Capital Management and Davidson Kempner Capital Management.
Deutsche will pay in the region of €95 million for the portfolio, which comprises loans secured by Meath-based property developer Willie Smyth, according to London property research firm CoStar.
Smyth and his associated companies have a portfolio of about 25 assets with debts to Nama. While the assets included in the deal have a rent roll...
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