Nama to build 20,000 homes
Nama has been tasked with building 20,000 homes over the next five years by Irish finance minister Michael Noonan. He said the move would resolve a “market failure” by funding a €4.5bn (£3.3bn) development programme.
Ex-AIB chief charged
Irish authorities have charged ex-Allied Irish Bank chief executive David Drumm with 33 offences, including conspiracy to defraud and forgery, in a hearing conducted in Boston, Massachusetts.
McCarthy & Stone plans IPO
Retirement home developer McCarthy & Stone is aiming to raise £70m by floating on the London Stock Exchange. The firm will then carry out a £2.5bn, four-year land investment programme.
Gatehouse appoints Homes
Sharia-compliant Gatehouse Bank has appointed Trevor Homes as head of real estate finance. He joins from ICG Longbow.
Assura issue raises £309m
Healthcare investors Assura has raised £309m in a share issue. The firm issued 618m shares at 50p each. The shares became effective on 14 October.
