US fund Cerberus to buy €1bn Project Arrow portfolio from Nama

US investment fund Cerberus is to buy the massive Project Arrow portfolio from Ireland's bad-bank.

US fund Cerberus to buy €1bn Project Arrow portfolio from Nama
Fri, 23 Oct, 2015 - 17:41

US investment fund Cerberus is to buy the massive Project Arrow portfolio from the National Assets Management Agency (Nama).

While the price has not been revealed, although Nama stated weeks ago that it had a reserve value in the region of €1bn - one fifth of what was originally borrowed by developers, investors and speculators.

You have reached your article limit. Already a subscriber? Sign in

Unlimited access starts here.

Try from only €0.25 a day.

Cancel anytime

CONNECT WITH US TODAY

Whatsapp logo

WHATSAPP

Newsletter logo

NEWSLETTERS

Notification logo

NOTIFICATIONS

Be the first to know the latest news and updates

More in this section

Running kitchen water tap Near 1,000 claims of illness linked to drinking water made to Uisce Éireann over past two years
Silhouette of Man Encouraging Handicapped Boy in Wheelchair Even full staffing would not meet demand in children’s disability services, Fórsa says
Impact of latest HSE hiring freeze on patients not yet known, Fórsa says Impact of latest HSE hiring freeze on patients not yet known, Fórsa says
CourtsNamacerberusProject Arrow
<p>Tommy Fleming in the Newstalk studio.</p>

Tommy Fleming says he is gay as he confirms suicide attempt

READ NOW

Lunchtime News

Newsletter

Get a lunch briefing straight to your inbox at noon daily. Also be the first to know with our occasional Breaking News emails.

Latest

Most Read

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited