Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Morgan Stanley Buys U.K. Real Estate Loans From Ireland’s NAMA

Morgan Stanley bought a portfolio of loans backed by properties and development projects in London and Manchester, England, from Ireland’s National Asset Management Agency for an undisclosed sum.

“We’re pleased to be at the forefront in acquiring loan portfolios from NAMA and we look forward to generating value for our investors,” Brian Niles, European head of Morgan Stanley Real Estate Investing, said in an e-mailed statement.

Morgan Stanley, based in New York, acquired the loans for about 65 million pounds ($103 million), or a 70 percent discount, Property Week reported in November. The trade magazine said that West Properties, the company run by Donal Mulryan, will continue to manage the real estate for Morgan Stanley.

The Saturn portfolio consists of about 220 million pounds of loans to West Properties. The debt was acquired by NAMA, which was established to purge Ireland’s banks of 74.2 billion euros ($98.3 billion) of troubled commercial real-estate loans.

Morgan Stanley spokesman Hugh Fraser declined to comment and Mulryan wasn’t immediately available.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.