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Nama brings €778m NPL portfolio to market

FINANCE: Ireland’s National Asset Management Agency has brought a €778m (£620m) portfolio of non-performing loans associated with hotel investor Gerry Barrett to market.

Galway-based Barrett owned hotels across Ireland, including the 101-bedroom, five-star G Hotel in Galway.

Nama announced earlier this month that it plans to bring €600m of assets to market by the end of 2014.

sophia.furber@estatesgazette.com

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