Ireland’s National Asset Management Agency is preparing to sell real estate loans with a face value of more than 300 million euros ($418 million) as demand for property rises, three people with knowledge of the plan said.
The assets, linked to Irish developer Gerry Conlan, will be sold at a discount, said the people, who asked not to be identified because the matter is private. David Clerkin, a NAMA spokesman at public relations firm Gordon MRM, declined to comment. Conlan also wouldn’t comment.
