Here’s the full list. Here’s the new stuff.
(The 16 new properties added to the enforcement list in August 2011 – Click to Enlarge)
This is what you are looking at
(1) Real estate property subject to loans in NAMA to which receivers have been appointed up to 31st August 2011. The receiver’s website is shown against each property.
(2) This is all the real estate foreclosed sorted by country, and then region.
(3) Not all of the property may be for sale.
(4) Contact the receiver with enquiries or expressions of interest in the first instance. Only pester NAMA if you’re not getting any response from the receiver and make allowances that receivers will be busy with queries, particularly after a new release of foreclosed property.
(5) If you think there are mistakes on the list, contact NAMA.
There will be an update on the detail of the new list later. At a glance, there are 16 new properties, mostly in Northern Ireland and in the UK, Updown Court “Britain’s most expensive house” is on the list finally. The total number of properties on the list is 892 which when taking account of the 16 additions in August 2011 implies that 11 properties have been disposed of during August 2011 (887 properties at the end of July 2011 plus 16 added in August 2011 less 11 properties, equals 892 properties)
What’s the background to the list? In July 2011, coinciding with the publication of its annual report, NAMA published its first enforcement list – properties to which receivers had been appointed following default on loans by developers. That list was of 850-odd properties and generated an immense buzz. NAMA indicated the list would be updated on a monthly basis.
You will find the previous editions of the enforcement lists here, together with a list of reported NAMA sales.
NAMA Wine Lake 
Check out the google maps view of that Updown Court property in Surrey:
http://goo.gl/lfTNE
Worst case scenario for NAMA, we’ll have a state-funded amusement park in the UK.
@thisisdaveh, amazing to think that this was the UK’s most expensive house which I see also has attached another property on the August 2011 enforcement list, Spring Cottage. Back in 2005 the seller wanted GBP 75m for Updown though apparently NAMA only paid GBP 20m for it, and the speculation is that NAMA would accept this today.
https://namawinelake.wordpress.com/2011/08/26/nama-developer-puts-house-on-market-for-e2-9m/
This was Ireland’s most expensive house bought for €58m in 2005, and now on the market today for €15m.
http://www.daft.ie/searchsale.daft?id=618339
Location comes into any property proposition, but somehow I think you’ll get more bang for your buck in Surrey.
I notice in a previous post, you mention that a receiver was appointed to Updown Court in late August. Is the appointment of a receiver a key criteria for a property to appear on NAMA’s enforcement list?
@thisisdaveh, the appointment of a receiver to a loan now managed by NAMA is the main criterion for appearance on the enforcement list!
Let’s rename it Namaland!
The Northern stuff is the remainder of Mervyn McAlister’s stuff
most of the details have already been out here:
http://www.bbc.co.uk/news/uk-northern-ireland-14791000
@JP, I can’t immediately see Mervyn McAlister’s Aurora site which the BBC reported last week was the subject of a planning application by a Cookstown-based company, Lissan Coal Company (LCC).
http://www.bbc.co.uk/news/uk-northern-ireland-15132216
According to the BBC “The planning application submitted by LCC earlier this month indicates that it does not yet own the site. It is permissible for people to make planning applications for sites they do not own so long as the owners are notified in advance.”
The Aurora was on the first list (in July) with two of his other sites in Dundonald and Coleraine.
I think the first list was his Anglo stuff and this latest update is his AIB/ First Trust stuff
@JP, thanks. Some 11 properties that were on the list at the end of July 2011 are not on the end of August 2011 list published today – 887 props at the end of July 2011 plus 16 new additions in August 2011 less 892 on the list at the end of August 2011. NAMA hasn’t yet responded to a request for the list of properties which have presumably been disposed of.
The Aurora site is still on the full list.
“Great Victoria Street, Belfast, Antrim. Development – Not commenced”
Currently on the market with BTW Shiells on behalf of Keenan Corporate Finance.
Mervyn bought it from Paul Neill for £3.5m in 2007. By the time it was repossessed it was mortgaged with Anglo for £7.9m.
If they even get £1m for it now I’ll be amazed.
Just cross checked the 06/07/11 and 31/08/11 lists for Northern Ireland.
Nothing has been sold.
78 assets listed as foreclosed at 06/07/11. 10 new assets added as at 31/08/11.
Currently 88 assets on the full list
Looks to me like all the ‘summer’ entries are for Northern Ireland and UK.
Perhaps its just a case of our own overworked legal and accounting professions taking their customary and no doubt well earned long summer breaks.
The removal of the wigs is unlikely to damage their pockets so we should expect the above to continue to be the normal summer pattern.
Another NI firm confirms Namafication
http://www.bbc.co.uk/news/uk-northern-ireland-15202698