Morgan Stanley purchases €220m of Nama loan book

Nama has sold on 0.3% of its loan book to Morgan Stanley, valued at over €200m.

Morgan Stanley purchases €220m of Nama loan book
Sat, 24 Mar, 2012 - 00:00
Vincent Ryan

A spokesperson for Nama described the sale of the loans backed by properties and development projects in London and Manchester as a substantial move by the agency.

The loans are known as the Saturn Portfolio and consist of about €263m of loans to West Properties.

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CourtsPlace: LondonPlace: ManchesterPlace: New YorkPerson: Brian NilesOrganisation: Morgan StanleyOrganisation: NAMAOrganisation: Saturn PortfolioOrganisation: West PropertiesOrganisation: Morgan Stanley Real Estate InvestingOrganisation: Property Week
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