First-round bids in for Nama’s Project Abbey
The portfolio, which is known as Project Abbey, is being sold by Nama.
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...
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