Nama sells largest portfolio of assets

The preferred bidders on Nama’s largest ever portfolio of assets will pay more than the speculated sale price but significantly less than the face value of the assets.

The Project Jewel portfolio has been acquired for €1.85bn, some €450m more than had been estimated in a number of previous reports.

The face value of the portfolio of loans, which include those associated with the Dundrum Town Centre and a host of other retail assets in the capital is €2.57bn.