SME reports €8.6bn in loans are in arrears over 90 days
The Central Bank has published an SME Market Report compiled by economists in the Financial Stability Division. This report gives an up-to-date picture of developments in the Irish SME credit market, it provides information on credit demand, credit access, loan terms and conditions, loan default, interest rates and credit market concentration.
Nama finalizes €5.6bn sale of Project Eagle loans
Nama has finalized the sale of its Project Eagle loans, mostly based in the North, to Cerberus Capital Management. The deal first emerged last month, among the assets are the Lanyon Plaza and the Soloist buildings in Belfast, developed by William Ewart properties.
Ireland sells €500m of Treasury Bills by auction
The National Treasury Management Agency (NTMA) has today completed an auction of Irish Treasury Bills, selling the target amount of €500 million. Total bids received amounted to €2.1 billion which was 4.2 times the amount on offer. The Treasury Bills, which have a maturity of three months, were sold at an annualised yield of 0.105%.
Ardstone Capital make profit on D4 Property
David Carroll of Bannon has advised Ardstone Capital on their most recent Irish purchase of the Crampton Buildings in Temple Bar. The investment manager acquired the block for €8.2m representing an initial yield of 6.15% which is occupied by a range of leisure and retail users.
Retail Ireland welcomes new Retail Consultation Forum
Retail Ireland has welcomed the opportunity to participate in this week’s inaugural session of the Government’s new Retail Consultation Forum.
New office construction gearing up
Johnny Ronan was responsible for the vast majority of the large- scale office projects in Dublin in recent years including the 700,000sq ft Central Park; the 100,000sq ft high rise Monte Vetro sold to Google; the 200,000sq ft Connaught House and Bank of Ireland HQ on Burlington Road and the 400,000sq ft PwC and Fortis blocks at Spencer Dock along with the adjoining National Convention Centre.
