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NAMA picks Cerberus for €3.05bn Project Gem

National Asset Management Agency has picked Cerberus as preferred bidder for Project Gem, a portfolio of principally Irish commercial property loans with a par value of around €3.05bn, as the so-called Irish bad bank nears the end game for its giant non-performing loan portfolio sell off.
CoStar News
December 12, 2016 | 8:00 P.M.

CoStar News revealed in July that Nama had appointed Eastdil to market the portfolio, dubbed Project Gem, which is selling at a substantial discount to the par value.

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