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The association refuted news reports allegedly sponsored by car importers who, it said, are opposed to the new auto policy by the federal government, saying they are the ones behind the reports that car prices will rise. Nigeria that will cost more,
Johnny Ronan has agreed a deal which will see him become the first major borrower to exit Nama having paid off the full value of his 400m loans. Development Securities is to buy 300m worth of Ronan's Nama loans at par. The loans originally from BoI
Frank Daly told TDs yesterday that there needed to be some sort of a retention plan to encourage staff to stay. Mr Daly said 15 people had left the agency already this year...I don't expect that this will be easy to get agreement on," he said.
It has already exceeded its full year target for 2014 for paying down its debt.
The impairment charge for the year was 914m, up from 518 the previous year, following a review of impairment provisioning. Cash generated was 4.5bn including asset disposals by debtors and receivers and rental income. It also said that by the end of
The Comptroller and Auditor General (C&AG) examined the disposal of a sample of 144 properties with gross proceeds of about 1.3bn and found 118 had been openly marketed...But in a separate case a property was sold in Ireland for 27m but no evidence
Development of badly needed office and residential accommodation in Dublin city centre will accelerate in the coming years after a large-scale planning scheme for the Docklands was given the green light. Kennedy-Wilson and Oaktree are among site
The move comes after An Bord Pleanala approved the North Lotts and Grand Canal Dock Planning Scheme, which will facilitate fast-track construction of commercial and residential developments across a 22-hectare site. Some 50pc of all new development
Investment giant Blackstone is expected to team with the first of the major Nama clients to exit the toxic bank in a deal that would give access to developing swathes of houses in Dublin, the Sunday Independent understands. Blackstone paid 1.1bn for
Being on the right side of the agency means confessing to and reversing any past sins like attempts to salt away cash or property, turning over rents and other income to the agency, and even giving it the right to slap a mortgage on otherwise debt-