C&AG report: Nama ‘got best price’ for portfolio

Nama has insisted it got the best price possible for its controversial Northern Ireland property portfolio.

Ireland’s bad bank said the £1.3bn sale to US investment fund Cerberus two years ago was “the best achievable result”.

As an official report flagged concerns about a discount on the sale, Frank Daly, chairman of the toxic assets agency, said the so-called Project Eagle portfolio would not reach even near that price today.