Last week, NAMA Top 10 developer Gerry Gannon offered a reward of €5,000 for information on a spate of arson attacks on three of his properties over the last four months that the Evening Herald reported had cost a total of €5m in damage. The three buildings targeted were Newton House, Balheary Road in Swords, Co Dublin on 5th August 2011 and Knockdromin House, in Beau, Rush, Co Dublin on 1st July 2011 (pictured here, before and after the fire) and of course Belcamp College in Balgriffin, Co Dublin on 14th April 2011 (pictured here after the fire). It is understood that the Belcamp College site is under NAMA’s control, it is unclear if either of the other two properties are controlled by NAMA.
Today Andrew Carey at the Limerick Post reports that the Opera shopping centre site in Limerick suffered smoke damage last night after arsonists used materiel on the site to start a fire. The fire was brought under control by the Fire Brigade but the Post claims the building suffered “extensive” smoke damage. The Opera site is owned by a company controlled by NAMA Top 30 developers Jerry O’Reilly, David Courtney and Terence Sweeney.
Obviously Nama has ensured it has not allowed anyone else with an insurable interest to hold the insurance?