NAMA to step up sales of British property

NAMA intends to step up sales of property backed by bad Irish debt in the UK.

The Financial Times said the National Asset Management Agency would push through the sale of at least €2.5bn of British commercial property, in the next three years.

Some of London's best-known buildings are backed by debt bought by the agency, including the Citigroup tower in Canary Wharf and Claridges Hotel