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 Post subject: Colony to pay Nama €455m to secure Project Tolka loans
PostPosted: Mon Jan 30, 2017 4:34 pm 
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Colony to pay Nama €455m to secure Project Tolka loans - -> http://www.independent.ie/business/comm ... 78110.html

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US investment firm Colony Capital is set to pay in the region of €455m to acquire Nama's €1.5bn Project Tolka loan portfolio.
The deal, the agreement of which was first reported by the Irish Independent five weeks ago, is expected to be concluded by the end of January and will see Colony take control of loans mainly linked to developers John Flynn, Paddy Kelly and the Dublin-based McCormack family, who control the property investment vehicle Alanis.


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