The self-styled ‘Ronaldo’ of the Irish property scene, Greg Kavanagh is not giving up in his battle for a contentious €15m development proceeding at Mount Merrion in south Dublin.

Nama’s funding to debtors and receivers as it aims to help finance 20,000 new homes is “at appropriate market rates of interest”, Finance Minister Michael Noonan has said.

The ESRI and developer Johnny Ronan have emerged as opponents to Greg Kavanagh’s plans to construct a seven-storey apartment block in Dublin’s Docklands.