REI Project Pembroke - Expressions of interest to subscribe for 80% shareholding in an entity regarding lands at Poolbeg, Dublin 4, Ireland extending (approx. 15.05 hectares/37.2 acres) within a SDZ Planning Scheme.

Descriptions

The National Asset Management Agency (“NAMA”) is commencing an open market process to select a preferred bidder to subscribe for an 80% shareholding in an entity (“Pembroke Ventures DAC”), which wholly owns two entities (Pembroke Beach DAC and Pembroke West Homes DAC) that hold lands, collectively extending to approx. 15.05 hectares (37.2 acres), located in Poolbeg, Sandymount, Dublin 4, Ireland. NAMA invites interested bidders to submit expressions of interest pursuant to the selection criteria as set out in the Request for Expressions of Interest (“REI”) with the ultimate objective of choosing a Preferred Bidder who will maximise financial return. The Minimum Bid Price for acquiring the majority 80% shareholding in Pembroke Ventures DAC is €125 million. The closing date for receipt of Phase 1 submissions is Thursday 10th October 2019 at 16:00 hours (Dublin time). Submissions received after the closing date will NOT be accepted by NAMA under any circumstances.Please refer to the REI document for further information.Note: NAMA reserves the right to update or alter any information contained in the REI at any time. Bidders should check periodically, www.PembrokeDublinFour.com website which can also be accessed via the www.NAMA.ie website for any updates to the REI document and other important information in respect of the competition. Advertising on eTenders is for the purpose of advertising the opportunity only. This transaction is not deemed to be a public works, goods or services contract as defined under Directive 2014/25/EC and as implemented in Ireland by the European Union (Award of Public Authority Contracts) Regulations 2016, and is therefore not being run under any procurement procedure governed by these rules.