First-round bids in for Nama’s Project Abbey

The portfolio, which is known as Project Abbey, is being sold by Nama.

10th April, 2016
Pat Doherty was the developer of the Titanic quarter in Belfast

The €300 million race for loans connected to Pat Doherty’s Harcourt Developments is heating up after first-round bids were submitted last Monday.

Sources said that billion-euro private equity funds Apollo, Starwood and Davidson Kempner have all submitted bids for the loans, which have a par value of around €700 million. Industry sources said the variety of assets included in the loan sale had complicated matters for many prospective bidders.

The portfolio, which is...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Tom Maguire: Tax changes we make now could help business for years

The Daily Briefing

The Daily Briefing