Wednesday April 1, 2020

Nama to sell €330m of late developer’s loans

Owen O’Callaghan debts part of Project Lee portfolio

15th July, 2018
Owen O’Callaghan

Nama has put €330 million worth of loans linked to the late Cork property developer, Owen O’Callaghan, up for sale in one of the agency’s last major loan sales.

The loans, which have been code-named Project Lee, had been earmarked for sale previously by the agency, but the sale was delayed several times by legal issues, and most recently complicated by the death in January 2017 of developer O’Callaghan, who was...

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