Friday December 13, 2019

Nama swoops on €300m Cork debt

Ian Guider

Markets Editor

@ianguider
6th September, 2015
Nama headquarters

Nama, the state’s loan agency, has seized control of more than 100 houses and more than 130 acres of prime development land from Cork developer John Barry and his wife Elaine. Nama moved last week in an effort to shore up its €300 million exposure to the Barrys, a low-profile Cork couple who previously ran Castlelands Construction. The move represents one of the agency’s largest enforcements of the year. Jim Luby and Tom Rogers, accountants...

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