Nama lends €360m for British projects

The National Asset Management Agency has lent around €360 million in working capital to developers to finish projects in Britain.

Nama lends €360m for British projects
Tue, 14 Feb, 2012 - 00:00
Vincent Ryan

A Nama spokesman confirmed to the Irish Examiner that of the €1 billion in working capital that has been provided todevelopers about one third of it will be spent on finishing projects in Britain.

Nama lent the money in the hope that costs would be recovered once the projects are completed.

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