National Asset Management Agency (Nama) is looking to sell two loan portfolios valued at a total of €800 million, Reuters reports. The Irish state-run bank is being advised by property consultancy Savills on clearing some €200 million of loans to Donal Mulryan, a housing and hotel developer.
Real estate consultancy CBRE is marketing loans worth €600 million to property developer Cyril Dennis. The credit facilities in the portfolio are secured against a series of brownfield sites across the U.K. Debt funds are expected to bid for the portfolios.
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Cyril Dennis Donal Mulryan Savills U.K. National Asset Management Agency