Rising demand sees Nama prepare to offload €300m of property loans

Nama is preparing to sell about €300m of property loans as demand from overseas buyers rises, three people with knowledge of the plan said.

The loans are linked to properties built by Dublin-based developer McGarrell Reilly Group and will be sold at a discount, according to the people, who declined to be identified because the matter is private.

Ray Gordon, a Nama spokesman who works for public relations firm Gordon MRM, and Sean Reilly, executive chairman of McGarrell Reilly, declined to comment.