Development Funding

NAMA’s mandate is to achieve the best financial return for the State.

NAMA’s strategic planning is focused not only on the disposal of property but also on investment in assets so as to make them more attractive to purchasers and thereby enhance their ultimate disposal value. Since its inception, NAMA has, in this context, advanced substantial development funding for Irish projects and expects to approve substantial additional funding, on a commercial basis, for new Irish projects over the period to end-2020. The particular focus of this funding continues to be the delivery of new houses and apartments in the larger urban areas and new Grade A office accommodation in the Dublin Docklands in response to the needs of the Irish economy.

NAMA may fund, subject to commercial viability, the delivery of 20,000 new residential properties in Dublin, the surrounding counties of Wicklow, Kildare and Meath and large urban centres such as Cork and Galway before end-2010. It also aims to facilitate the delivery of substantial new office accommodation in the Dublin Docklands, where the Agency originally held an interest in approximately 75% of the developable land area of 22 hectares, in response to demand from both Foreign Direct Investment (FDI) and domestic employers.

  • 20,000

    residential units over the next five years subject to commercial feasibility

  • 93%

    in the Greater Dublin Area

  • 4m sq. ft.

    of commercial space and 2,000 apartments could be delivered in the SDZ

NAMA’s Role

NAMA does not own properties.  Rather, NAMA, in its capacity as a secured lender, facilitates development via funding for viable commercial and residential development projects under the control of its debtors and receivers