A VALUE of over €1 million per acre has been put on what is surely one of the best located suburban Cork sites to come to market in a decade, in Bishopstown, close to the CUH, third level colleges and the city’s ring road.

Controversial US fund Cerberus has won a final shoot-out in the latest Nama auction of debtors’ loans — known as the Project Arrow portfolio — which were worth €6.25 billion at face value.

There have been renewed calls for a full inquiry into Nama’s northern property portfolio sale and fresh claims that some €45m was paid out in ‘fixer’ fees in relation to the deal.

The Independent TD Mick Wallace has called for an independent probe into Nama and for the proposed sale of the €8.4bn Project Arrow fund to be suspended.

Independent TD Mick Wallace is correct in saying that the problems related to Nama have not gone away.