20/03/2014

Capita Assest Services Preferred NAMA Bidder

Capita Asset Services (Ireland) has been chosen as the preferred bidder to provide primary and special services on the National Asset Management Agency's (NAMA) portfolio of commercial property loans.

Certus has previously been selected as the preferred bidder in July 2013, with a portfolio of commercial property loans estimated to have a value of €20bn.

However, based on sales to date by the Special Liquidators and on the level of investor interest in the other IBRC portfolios, NAMA has been advised that the volume of commercial property loans could be substantially less than initially envisaged, with a large proportion of those being debtors with smaller debt exposures.

Given the fundamental changes to the size and characteristics of the commercial property loan portfolio, NAMA decided in January to launch a new tender process.

(MH/JP)

Related Irish News Stories
Click here for the latest headlines.

14 March 2024
Working Families Urged To Explore Childcare Savings Ahead Of Holidays
HM Revenue and Customs (HMRC) has called on working families who have yet to sign up for Tax-Free Childcare to find out how they could save money on their childcare costs in time for the school holidays.
08 April 2024
O'Dowd Rules Out Introduction Of Water Charges In NI
Minister for Infrastructure John O'Dowd has ruled out the introduction of household water charges in Northern Ireland.
26 March 2024
Health And Social Care Easter Arrangements Outlined
The Department of Health has announced arrangements for health and social care services over the Easter holiday period, encouraging everyone to look after themselves, both physically and mentally.
02 December 2010
NAMA Rejects CIF Report
The National Asset Management Agency (NAMA) has announced it "completely rejects the flawed and one-sided analysis of the Agency published by the Construction Industry Federation (CIF)".
03 February 2011
NAMA Boss 'Disappointed' In McKillen Victory
The top executive in Ireland's toxic assets management agency has this morning described a ruling in favour of developer Paddy McKillen by the Supreme Court as "disappointing". Mr McKillen, who is originally from Belfast, won his appeal against the transfer of €2.