The German Ambassador to Ireland, Matthias Hopfner has objected to the scale of plans for a new 53-bedroom hotel in central 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 Minister for Finance has dismissed any notion of a link between the illegal disclosure of information by a former Nama official and asset sales by the agency.

A former National Asset Management Agency (NAMA) official has been handed a two-year suspended sentence for passing on confidential information.

A former official with the National Asset Management Agency (Nama) who is facing jail for leaking potentially commercially sensitive information told investigators he thought he was advancing the interests of the agency.

A former Nama official has admitted passing on confidential information relating to various loans and property portfolios.

The four-star boutique hotel in Dublin co-owned by U2 recorded profits of €400,000 last year.

The Wilton Shopping Centre purchase pairing (as part of the Hazel Portfolio sale) of Irish property development and investment company Clarendon Properties, with US-based York Capital Management, bodes well for Wilton’s future, say market observers.

A judge will rule later on an application by property investor Paddy McKillen aimed at securing full access to 12 documents he believes will show the Department of Finance engaged in “inappropriate” contacts with others about his loans with State-owned IBRC and Nama.

A REVAMP of the long-established Savoy Shopping Centre may be on the cards, following the circa €2m purchase of the former Quills clothes shop, at nos 106/107 Patrick Street, by the Savoy’s owners, the Clarendon Group.

A REVAMP of the long-established Savoy Shopping Centre may be on the cards, following the circa €2m purchase of the former Quills clothes shop, at nos 106/107 Patrick Street, by the Savoy’s owners, the Clarendon Group.

Moves may be made against developers Paddy McKillen and Gerry Maguire to recover loans given to them as part of the Maple Ten investors in Anglo Irish Bank, the High Court heard.

Finance Minister Michael Noonan has confirmed that the National Treasury Management Agency (NTMA) last year paid bonuses to staff for the first time since 2012.

Earnings at Paddy McKillen’s Irish restaurant, pub and nightclub entertainment group last year increased by 28% to €2m.

U2’s four-star boutique hotel, the Clarence, has had “a great year” in 2014 after recording the fourth successive year of profits last year.

The luxury Maybourne London hotel group — which is the source of a bitter dispute between Irish developer Paddy McKillen and the billionaire Barclay brothers — last year returned to pre-tax profit.

A former Nama official has been served with a book of evidence and returned for trial accused of leaking confidential information.

Developer Paddy McKillen received an apology in the High Court yesterday from the Spectator magazine over an article it published last March relating to Claridge’s Hotel in London.

All the parties involved in developer Paddy McKillen’s action aimed at preventing the sale of his IBRC loans to the Barclay brothers will pay their own legal costs after a High Court ruling.

IBRC has argued that the taxpayer should not have to pay the costs of Paddy McKillen’s legal action aimed at preventing his loans being sold by the IBRC special liquidators to the Barclay brothers.

Property investor Paddy McKillen claims communications between certain officials of Department of Finance, Nama, and representatives of the Barclay brothers, relating to the sale of his loans by Irish Bank Resolution Corporation were unlawful and improper.

The High Court has ordered there should be limited disclosure of documents to property investor Paddy McKillen by the billionaire Barclay brothers in advance of next month’s hearing of a challenge to the sale of hundreds of millions worth of Mr McKillen’s loans by Irish Bank Resolution Corporation (IBRC).

The jury in the trial of three former Anglo Irish Bank executives over the alleged unlawful provision of loans for the purchase of shares has been told that it is making legal history.

The high-profile trial of three former Anglo Irish Bank executives including the bank’s former chairman, Seán FitzPatrick, will open at the Dublin Circuit Criminal Court today.

It’s been a bruising few years for the agency and it’s not over yet, writes Business Correspondent John Walsh.

A jury has been sworn in for the trial of former Anglo Irish Bank chairman Seán FitzPatrick and former executives Pat Whelan and William McAteer.

Investor Paddy McKillen is being “coy” as to whether he has bid for some of his own loans, which he is seeking to prevent being sold to the billionaire Barclay brothers, the High Court heard yesterday.

Nama has generated €16.5bn in cash and redeemed €7.5bn of senior bonds since it was established in 2009, according to its 2013 end-of-year statement.

Nama is not interested in the personalities behind loans and the decision to sell Patrick McKillen’s loans to the Barclay brothers was taken on a purely commercial basis, the agency’s CEO has claimed.

NAMA's chief executive has strongly denied allegations that the agency leaked sensitive information about some developers.

Garda detectives last night took receipt of a file on alleged leaking of information from Nama which a senator has claimed contains details that will “rock” the agency to its very core.

The owners of the four-star Clarence Hotel, which include Bono and the Edge, are not proceeding with a High Court action against a refusal by Dublin City Council to extend planning permission for a €150m proposal to transform the premises.

Profits at the four-star Clarence Hotel — co-owned by U2’s Bono and The Edge — last year decreased by 35% to €73,442.

Plans by Bono and The Edge to revive their parked €150m revamp of Dublin’s Clarence Hotel were stopped in their tracks by Dublin City Council, the High Court heard yesterday.

A battle over plans for a multimillion revamp of the U2-owned Clarence Hotel in Dublin has gone to the High Court today.

Agency faces further problems as Anglo and Irish Nationwide’s toxic loans are moved, says business correspondent John Walsh

Finance Minister Michael Noonan has expressed confidence in the secretary general of his department following controversy over correspondence he had with two British billionaires.