Treasury urges Government to appoint mediator in row

Treasury Holdings has called on the Government to appoint an independent mediator to unlock value for the taxpayer by securing the sale of its Nama-based loans.

The property development company, which is challenging via the High Court Nama’s move to appoint joint receivers to a number of its assets in a bid to reclaim over €1bn in outstanding loans, said it is aware of the existence of major international investors “currently interested in paying excellent prices for portfolios of loans such as ours”.

Such a development would provide a “vastly superior” outcome than the alternative route of litigation, Treasury said.