Sunday December 8, 2019

Deutsche bank bids for last big sale at NAMA

Group expresses interest in projects Emerald and Ruby

22nd April, 2016
Deutsche Bank headquarters in New York Pic: Getty

Europe's largest investment bank Deutsche Bank has put in a bid for one of the last big portfolio sales at the National Asset Management Agency (Nama).

The two portfolios - Emerald and Ruby - have a combined value of €4.7 billion and include €750 million of residential property loans leftover from the property crash.

There is a total of 950 residential properties in the deal, with just over 50 per cent occupancy.

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