Nama and Oaktree face a miniscule recovery on their investment in the North Dock office complex beside Dubin’s 3Arena.
They have since hired CBRE to sell the scheme, comprising 200,00sq ft of office space across two buildings that are half let out. “Any further cash distributions to Nama from this investment will be dependent on the sales proceeds ultimately generated from the receiver’s sale of the property,” he added. Oaktree faces a loss on the project.
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