The investment giant Blackstone has recently secured a deal with Ireland’s National Asset Management Agency (NAMA). The deal will take on the loans of Cork’s property developer Mr Michael O’Flynn for €1.1 billion. The deal could bring major new property and housing developments to the Dublin area. The portfolio of property loans taken over includes acres of prime real estate land in the centre of Dublin, parts of Britain and Germany and also the 17-storey Elysian Tower in Cork City.
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