Irish Life Group Ltd. Chief Executive Officer Kevin Murphy postponed his plans to retire at the end of 2012 as the government revived talks to sell the state-owned insurer to Canada’s Great-West Lifeco Inc.
Ireland’s National Asset Management Agency, the country’s so-called bad bank, will publish today a list of about 850 properties it has seized through the appointment of receivers and now has available for sale, a spokesman for the agency said.
Ireland’s National Asset Management Agency is preparing to sell three office buildings in central Dublin with a combined valued of more than 100 million euros ($134 million), two people with knowledge of the plan said.
Ireland’s National Asset Management Agency is preparing to sell about 300 million euros ($408 million) of Irish real estate loans as demand from overseas buyers rises, three people with knowledge of the plan said.
Permanent TSB Group Holdings Plc, the bailed-out Irish lender, hired Morgan Stanley to sell its commercial real estate and subprime residential mortgage loan books, which have a combined face value of about 2.6 billion euros ($3.5 billion).
It’s Friday night at Claridge’s Hotel in central London and harried-looking bartenders are rushing to serve customers piled three-deep at the bar. Property investors are lining up too, not for the 16-pound ($25) mojitos and 27-pound glasses of Laurent Perrier Brut Rose champagne, but for the luxury hotels that can command such prices during an economic slowdown.