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Nama is to redeem a further €1bn worth of senior bonds ahead of maturity this week; a move which will see it comfortably beat its original target of paying off half of its entire debt mountain by the end of next year.

Irish Residential Property REIT (I.RES) has bought an apartment block in the Grand Canal Dock area of Dublin for €50.1m from Brehon Capital Partners and Midwest Holding.

SEVERAL changes were agreed to Cork’s multi-billion euro Docklands strategy last night after an agreement was reached between the city and the Port of Cork.