NAMA takes over Castlebawn loans

[BoyRacer]

Nama takes over Newtownards development loans → bbc.co.uk/news/uk-northern-ireland-15375575

The company planning a major re-development of Newtownards has confirmed its bank loans have been taken over by the Irish government’s National Asset Management Agency (Nama).
The details are contained in the accounts of Castlebawn Ltd, which lost more than £10m in 2010.
Castlebawn is a joint venture between Eastwood Property and R&A Developments.

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