Funds try to recruit Nama builders

[BoyRacer]

Funds try to recruit Nama builders - Ronald Quinlan → independent.ie/national-news … 27103.html

Developers whose assets have been seized by Nama are being headhunted by international investment funds, looking to snap up properties in Ireland and UK at knockdown prices from the State’s so-called ‘bad bank’.

Speaking to the Sunday Independent, one major developer claimed to be in talks with four different funds who are interested in employing him, with a view to exploit his knowledge of Nama’s British and Irish property portfolios.

The prospect of failed developers returning to managing assets acquired at rock-bottom prices by cash-rich international investors will raise fresh questions about how Nama operates.

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