Ireland's Nama plans property loan sales at discount

[LONDON] Ireland's National Asset Management Agency (Nama) is preparing to sell real estate loans with a face value of more than 300 million euros (S$528 million) as demand for property rises, three people with knowledge of the plan said.

The assets, linked to Irish developer Gerry Conlan, will be sold at a discount, said the people, who asked not to be identified because the matter is private.

David Clerkin, a Nama spokesman at public relations firm Gordon MRM, declined to comment. Mr Conlan also wouldn't comment.