Monday May 25, 2020

Tenants hit by rent hike ahead of Nama sale

One receiver demanded 25% rent increase

22nd May, 2016
Nama sold the apartment block in question to US fund Cerberus Pic: RollingNews.ie

Tenants in an apartment block sold by Nama to US fund Cerberus as part of an €800 million sale saw their rents rise by up to 25 per cent in the months before the sale, documents obtained by The Sunday Business Post show.

The documents show that in March of last year, a receiver over the property demanded a 25 per cent rent increase for a tenant in one of the units, giving the resident just...

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