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BAD BANK NAMA will sell five Irish property bundles worth an estimated €600 million over the next three months.
Two office portfolios – including dual Daniel Libeskind-designed buildings at Grand Canal Square – five regional shopping centres, and several regional hotels will all be up for grabs.
One of the Grand Canal office complexes houses Facebook’s European headquarters after the social media company moved its operations there earlier this year.
NAMA also said it was offloading about 600 residential units across seven sites in Dublin as part of the sales binge, but it refused to release further details about any of the properties being sold.
Chief executive Brendan McDonagh made the announcement at a Construction Industry Federation (CIF) conference in Dublin, where he said there was strong interest in Irish assets from local and overseas investors.
He said the latest portfolios being put on the market would give “enhanced visibility” to the agency’s sales approach, which was to sell assets worth at least €250 million every three months.
Dublin docklands plan
The vast bulk of the NAMA’s assets are held in Dublin and it plans to build 4,500 new houses and apartments up to 2016, and potentially another 20,000 homes after that.
McDonagh said the agency also had a detailed plan for building new offices on undeveloped land in Dublin’s docklands area, where it owned 75% of the unused property.
It has two sites in the advanced stages of development planning at Boland’s Mill and North Wall Quay.
The agency has previously outlined its scheme for a €200 million residential and office complex to be built on the derelict Boland’s Mill site.
A similar plan is in place for the North Wall Quay property, which neighbours the half-completed complex NAMA sold to the Cental Bank of Ireland for the bank’s new headquarters at a price of €7 million in 2012.
READ: ‘It’s tough against faceless power on that level’ – cultural groups fight losing battle with NAMA
READ: Facebook tops list of Dublin office deals. Here’s the full top 10
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We were on the beach. The lifeguard and surrounding people worked valiantly non-stop to try to save and resuscitate the two ladies, then the ambulance services also did their absolute best before the helicopter arrived and they were rushed away. A couple stood nearby throughout and prayed the Rosary. The sea was calm and it was a beautiful sunny evening on the beach, made horrendous by this appalling double tragedy. God rest them both and deepest sympathy to their families.
Unfortunately news in that both have passed away.
Were they in swimming?
RIP.
Latest report is that they’ve died..rip..
Terrible news , they seemed to be living life to the full doing what they loved .
Crikey this really has been a bad week. Nothing but bad news … spirit sapping – condolences to all affected by this terrible event
Very lucky to be alive & hope two ladies will be on their ways to recovery ASAP.
R.I.P ladies. What a terrile way to go.
All the C#nts on this site giving thumbs down when people say RIP should be beaten to death. Have some respect.
Breakingnews.ie reports they are nuns, regardless, i hope they are alright.
Unfortunately reports say both have passed away in hospital. R.I.P
Why “regardless” ?
Regardless of if they are nuns or not.
Ah that’s terribly sad. RIP.
I was saddened to hear of the two women losing there lives on Inch Strand as this is where we have holidayed for ten years in a row up until a couple of years ago.
May they rest in peace.
any idea on how it happened please?
I asked that question and got red thumbed for it. I still dont know what happened to them. May they rest in peace. Condolences to their families and community.
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