NAMA HAS ADDED another 16 properties to its portfolio in August, bringing its total to 892 properties including apartment buildings which contain multiple dwellings. NAMA took enforcement action against the properties’ owners to seize control of the assets.
One of those put into receivership last month is a high-profile mansion in Surrey, England, which was the most expensive house in the UK when it went on the market for £70 million in 2005.
Updown Court is described as being larger in area than Hampton Court Palace or Buckingham Palace, and the 58-acre estate is 28 miles from central London and 20 minutes from Heathrow Airport.
The 103-room property features a heated marble driveway and enough underground parking space for eight limos. It also includes five swimming pools, a private cinema, bowling alley, stabling for five horses, a tennis court and squash court.
The latest additions to NAMA’s list of properties under receivership include agricultural land, residential and industrial properties, as well as developments which had gotten underway but were not completed.
Eight are located in Co Antrim, two in Co Tyrone and three in England, while counties Laois, Dublin and Cork have one property each included in the August list.
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