Despite the NAMA chairman Frank Daly telling an Oireachtas committee on Thursday that the “the majority” of NAMA developers were in fact cooperating with the Agency, foreclosure activity continues apace with Iris Oifigiuil today confirming that the Agency has appointed receivers to two companies, both of whose group companies have seen previous NAMA foreclosure action.
First up is Albion Talbot Limited, a company in the Dublin Clare Street-based Albion Enterprises group which was subjected to NAMA foreclosure action last week.
And secondly NAMA has moved on another Alastair Jackson company, Eassda Ireland Limited, formerly known as Keygo Properties Limited, having Peter Stapleton of Lisney appointed as a property receiver. It is understood the property in question is the unfinished Gleann Riada estate in Longford, whose residents might welcome NAMA’s involvement and potential funding for completing the estate.
Remember you can see a comprehensive list of Irish foreclosure actions by NAMA here and in this regularly updated spreadsheet.
NAMA Wine Lake 
Thanks for the update. Your opening comment regarding cooperating managers / owners of property companies isnt necessarily accurate in the sense that cooperation is not any substitute for an ongoing and profitable business. If the business is hopelessly insolvent this is (as an aside) generally if not entirely due to the incompetence or mismanagement of the owners and senior management. The current Irishified version of life in property circles seems to be if the current encumbents of the developers are nice chaps then they should be left in situ. This is not sensible and is not good business apart from bad practice for most insolvency practitioners. The property sector in Ireland as well as the banking sector has shown enormous ineptitude not least due to bad practice and lack of the necessary skill sets. Keeping these “chaps” in place perpetuates another gombeen element of Irish society and does not serve the Irish taxpayer ultimately.
Keep up the good work!
PS That there are very few property companies that are part of the NAMA empire which are anything else but hopelessly insolvent by normal international standards goes without saying and there you are we have said it anyway!