Printer Friendly

United Kingdom : NAMA brings to market land outside LONDON.

As it continues to sell its British portfolio, bad bank NAMA will make available a block of land outside London in the market.

The bank has selected CBRE to bring to market a 42.1 acre land in Taplow in South Buckinghamshire, nearly an hour outside London.

The site is being put on sale on behalf of Malcolm Cohen and Shay Bannon of BDO serving as co-administrators of Watchword Limited which is in management.

In a bid to recover some loans amounting to Au40m on the development, Irish Nationwide selected BDO as receiver at the location in 2009

From there the loans against the site were eventually transferred to the bad bank, seemingly at a discount of over 70pc.

2013 Al Bawaba (

Provided by an company
COPYRIGHT 2013 Al Bawaba (Middle East) Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2013 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Mena Report
Geographic Code:4EUUK
Date:Nov 5, 2013
Previous Article:United Kingdom : KEA PETROLEUM needs to sign bank facility.
Next Article:United Kingdom : 5 RAIL Companies SHORT-LISTED for Scotrail franchise.

Terms of use | Privacy policy | Copyright © 2018 Farlex, Inc. | Feedback | For webmasters