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01/11/2011
NAMA Takes Over A Further 48 Properties
A total of 48 new properties have been taken control of by the National Asset Management Agency in September.
The properties are located in the UK, Clare, Cork, Galway, Wicklow and Sligo.
There are now 934 sites which are subject to the enforcement action.
Last week NAMA offered financing to help offload its commercial property portfolio.
The agency is willing to provide up to 70 percent vendor debt finance if significant equity capital is provided up front, Chairman Brendan McDonagh told a parliamentary committee on Wednesday.
"It's a very difficult market. Asset markets are declining rather than increasing. Asset values have to increase by 10 percent above 2009 before we see any profit.
"From our experience, there is no pot of gold out there," McDonagh said.
The product is aimed at pension funds, insurance companies, private equity firms and sovereign wealth funds.
(GK/BMcC)
The properties are located in the UK, Clare, Cork, Galway, Wicklow and Sligo.
There are now 934 sites which are subject to the enforcement action.
Last week NAMA offered financing to help offload its commercial property portfolio.
The agency is willing to provide up to 70 percent vendor debt finance if significant equity capital is provided up front, Chairman Brendan McDonagh told a parliamentary committee on Wednesday.
"It's a very difficult market. Asset markets are declining rather than increasing. Asset values have to increase by 10 percent above 2009 before we see any profit.
"From our experience, there is no pot of gold out there," McDonagh said.
The product is aimed at pension funds, insurance companies, private equity firms and sovereign wealth funds.
(GK/BMcC)
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11 September 2014
Funding Secured For Over 4,000 New Properties In Dublin
The National Asset Management Agency (NAMA) has confirmed that funding is in place to deliver over 4,000 new properties over the next 18 months. At the National Housing Supply Conference, NAMA's CEO Brendan McDonagh, said 12 areas in Dublin have been identified and building is set to begin.
Funding Secured For Over 4,000 New Properties In Dublin
The National Asset Management Agency (NAMA) has confirmed that funding is in place to deliver over 4,000 new properties over the next 18 months. At the National Housing Supply Conference, NAMA's CEO Brendan McDonagh, said 12 areas in Dublin have been identified and building is set to begin.
17 September 2009
Shares Rise As NAMA Debate Continues
The market has reacted positively to the ongoing debate on the National Asset Management Agency, (NAMA). This morning, shares in Irish banks rose in early trading with AIB up 29% in the first 20 minutes of trade in Dublin this morning, to stand at €3.40. Bank of Ireland shares also gained rising almost 17% to stand at €3.
Shares Rise As NAMA Debate Continues
The market has reacted positively to the ongoing debate on the National Asset Management Agency, (NAMA). This morning, shares in Irish banks rose in early trading with AIB up 29% in the first 20 minutes of trade in Dublin this morning, to stand at €3.40. Bank of Ireland shares also gained rising almost 17% to stand at €3.
19 August 2014
40% Fewer Properties For Rent
There are 40% fewer properties available for rent in Ireland compared to this time last year, according to the latest quarterly Rental Report by property consultants Daft.ie. Research released shows that nationally, rents have risen by over 10% in the space of twelve months. The national average rent is now €915, compared to €825 a year previously.
40% Fewer Properties For Rent
There are 40% fewer properties available for rent in Ireland compared to this time last year, according to the latest quarterly Rental Report by property consultants Daft.ie. Research released shows that nationally, rents have risen by over 10% in the space of twelve months. The national average rent is now €915, compared to €825 a year previously.
17 February 2009
Rent Cheaper By 12% Last Year
The average cost of rent for properties advertised on Daft.ie has fallen by almost 12% last year, according to figures released today. The huge property for sale and rent website says the total number of rental properties on the market doubled during 2008, driving down rents nationwide.
Rent Cheaper By 12% Last Year
The average cost of rent for properties advertised on Daft.ie has fallen by almost 12% last year, according to figures released today. The huge property for sale and rent website says the total number of rental properties on the market doubled during 2008, driving down rents nationwide.
10 February 2012
NAMA Debtors Expected To Provide Up To €500m In Security
The National Asset Management Agency (NAMA) expects it will be provided with up to €500 million in fresh security for its loans following negotiations with debtors, the Agency's Chairman said.
NAMA Debtors Expected To Provide Up To €500m In Security
The National Asset Management Agency (NAMA) expects it will be provided with up to €500 million in fresh security for its loans following negotiations with debtors, the Agency's Chairman said.
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Ireland WeatherThis Evening and Tonight:Frequent, often heavy showers of rain, sleet and snow will affect most parts this evening and overnight, but are likely to be most frequent across the northeast. Minimum temperature -1 °C.
