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NAMA's HQ in Dublin. Mark Stedman/Photocall Ireland
NAMA
Estate agent attempts to sell NAMA property without permission
The 15-acre site, in the Sarasota area of Florida, is no longer listed by the estate agent.
A FLORIDA BASED estate agent attempted to sell a multi-million dollar property without the permission of its owner – the National Asset Management Agency (NAMA).
The revelation was highlighted by the anonymous blog NAMA Wine Lake, the story having been unearthed in the US by the Herald Tribune.
When the paper contacted the estate agent to inform them of the ultimate owner of the property, they removed it from their listings.
The 15-acre site, located in the Sarasota area of Florida, had previously been owned by a consortium called Irish American Management Services, which included Irish developer Paddy Kelly.
It now forms part of NAMA’s portfolio, however, having been originally bought with a $100 million loan from the former Anglo Irish Bank.
The site was originally earmarked to have a further $1 billion spent on its development to include apartments, shops and a hotel.
When contacted by TheJournal.ie regarding this story, a representative from NAMA had no comment to make.
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