NAMA central to €99.9m Google D4 property deal - Irish, Business - Independent.ie
THE National Asset Management Agency (NAMA) yesterday claimed its first public victory in the property market, announcing the "intrinsic role" it had played in the €99.9m sale of the Montevetro building to internet giant Google.
In a statement, Nama also said that it had recovered "in excess" of the original amount it paid for the Montevetro loan plus the additional cash it gave Real Estate Opportunities (Reo) to complete the project.
Market sources believe the taxpayer will still take a heavy hit on the 210,000 sq ft Montevetro project, since the original loan was advanced by almost-nationalised AIB, which is understood to have suffered a significant haircut when the loan moved to Nama.
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