Eastdil Secured has been appointed to sell Nama’s Project Jewel, a portfolio of loans secured against Irish assets valued at around €1.4bn (£1bn).
The portfolio is secured against the 1.6m sq ft Dundrum retail centre, the largest retail centre in Ireland; a 50% stake in the Ilac Centre; and the Pavilions shopping centre, as well as other assets.
First bids for the portfolio are due in early August.
Project Jewel is expected to attract interest from sovereign wealth funds and large institutional investors.
The Irish bad bank was scheduled to finish its operations by 2020 but is now expected to complete its wind-down by 2017 or 2018.
