How Nama made €1bn profit from the sale of Dundrum loans

The state agency is understood to have acquired the debts with a face value of €2.3 billion

4th October, 2015
Nama headquarters

The National Asset Management Agency made a profit of over €1 billion on the sale of loans associated with Joe O’Reilly, the developer behind the Dundrum Town Centre and other landmark buildings in Ireland.

O’Reilly has repaid debts owed by his main property investment company, Chartered Land, of over €2.3 billion at par after proceeds from the sale of Project Jewel and other transactions with Nama are all factored in.

Nama...

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