Google buys €99.9m building from NAMA

GOOGLE, the global internet group, has bought Dublin’s tallest office building for €99.9 million from NAMA, the country’s bad bank.

The National Asset Management Agency said yesterday it made a clear profit on the deal.

NAMA said it recovered all the costs involved including amounts paid out to acquire the loan as well as the additional funding required to complete the 15-storey building at the Grand Canal Dock, in Dublin.