A book to be published in October is expected to contain significant revelations concerning the operations of Nama and the manner in which its disposal of public assets has transformed property ownership and created a new elite in Ireland.
Written by investigative journalist Frank Connolly, Nama-land details events from the establishment of the ‘bad bank’ in 2009 and its management and subsequent sale of huge property portfolios, mainly to US vulture funds over recent years. It examines how the process has enriched international investors and their local agents against the background of a deepening housing and mortgage crisis.
It also looks at the role of key players in politics and business, North and South, including in the controversial sale by Nama of its Northern Ireland portfolio, Project Eagle, to US fund Cerberus in 2014.
“I hope it will get behind what has been something of a veil of secrecy surrounding the operations of Nama and the largest disposal of public assets in the history of the state. It is based on research, facts and investigative journalism and will be published in October,” Connolly said.
At the UCD Michael Smurfit Graduate Business School.
From 4pm to 5.30pm.
The launch of the bookAusterity and Recovery in Ireland: Europe’s Poster Child and the Great Recession edited by William K. Roche, Philip J. O’Connell, and Andrea Prothero and published by Oxford University Press.
The book – which will be formally launched by the former Governor of the Central Bank Patrick Honohan – includes a chapter on housing by Rory Hearne, Cian O’Callaghan and Rob Kitchin.
A panel discussion, chaired by dean of the UCD College of Business Ciarán Ó hÓgartaigh, will also take place as part of the launch – involving John FitzGerald, of Trinity College Dublin; Stephen Kinsella, of University of Limerick; Theresa Reidy, of University College Cork and Mary Corcoran, of NUI Maynooth.
The free ticketed event is open to all. Those interested can register to attend here