Search Results for 'National Asset Management Agency'

A developer who couldn’t improve a site on Mullingar’s Dublin Road without negotiating with NAMA has pleaded guilty to failing to complete actions ordered in a Derelict Sites Notice.

The National Asset Management Agency (NAMA) came in for strong criticism this week over the lack of progress to the works at the derelict part of the Silverbridge Shopping Centre in Claremorris.

Handing over zoned residential land to the Housing Agency has been described as an “absurd idea” when Galway has one of the worst housing crises in the country, that is according to Independent City Councillor Catherine Connolly.

With the limited supply of investments currently in the market the sale of Edward Square in Galway is being well received by both national and international investors.

Cllr Harry Barrett has questioned the recent announcement of a €2 billion investment by NAMA, which has pledged to spend the money on a variety of building projects around the country. The Labour councillor wants to see funds from NAMA spread around the country and invested instead in agriculture, fish farming, and renewable energy projects in Mayo and not on derelict sites in urban areas.

It sounded unbelievable this week to hear NAMA announce at a business breakfast in Galway that it is to invest €2 billion in construction projects, which, according to reports, will go towards completing unfinished shells of buildings primarily in cities around the country, to bring them up to standard suitable for selling on to buyers.

A 27-year-old Galwayman is leading a campaign to occupy houses and buildings owned by NAMA to highlight the fact that thousands sleep rough while there are thousands of empty homes across the country.

A €1 million library and local services project is being planned for Ferrybank in south Kilkenny.

The travails of Glenamaddy-native property developer Ray Grehan continue this week with the news that NAMA has moved to halt the sale of a New York apartment beside the Rockefeller Center, owned by Mr Grehan and his wife, which could fetch almost $1m if sold.

Upward only rent reviews that are causing financial hardship for tenants leasing expensive commercial properties can only be reviewed where those properties are owned by NAMA, but not where they are in private ownership.