Facilitating Transactions

NAMA has acted to facilitate significant property transactions that might not otherwise have taken place by offering structure engagement between debtors and Receivers and potential new investors.

In particular, NAMA works proactively with the IDA in identifying suitable properties for locating significant new activities.

Examples of this include:

  • Funding the completion of a partially built office block in Dublin subsequently acquired by Google.
  • Funding the fit-out of an office block in Cork to facilitate its acquisition by leading multinational pharmaceutical firm, Eli Lilly.
  • The letting of 120,000 sq. ft. of office space in Dublin’s Grand Canal Square to Facebook for its European Headquarters. Facebook is now expected to double its workforce in Ireland.
  • The acquisition of by Scottish and Southern Energy (SSE) of its new corporate headquarters at Leopardstown in south Co. Dublin.
  • An investment of €100m by the Kerry Group at Millennium Park in Naas.
  • A number of substantial lettings at Burlington Plaza, an office development in Dublin 4, which was vacant when the loans associated with the development transferred to NAMA in 2010. These include an 10-year lease to the international broadcasting group, BskyB, a 10-year lease to US digital company, Adroll Advertising, and a 20-year lease to global e-commerce firm Amazon. In each case NAMA funded significant fit-out works.