Walls of Money: financialization in Dublin

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Denis_Linehan_Walls_of_Money.pdf(2.76 MB)
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2015-08
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Linehan, Denis
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University College Dublin
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Abstract
In 2014, NAMA completed €7.8bn worth of such sales to a multitude of global equity funds: Cerberus Capital Management, Blackstone, Deutsche Bank, Patron Capital, Lone Star and Car Val Investors. Another €12.9bn is likely to move through NAMA’s books in 2015. This process pulls global equity funds into Irish suburbia, particularly as a significant segment of NAMA’s portfolio is residential.Set beside the shocks of austerity, these enormous financial transactions have significant implications for both the management of the city and how its future is imagined.
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Dublin , NAMA , Finance , Urbanism
Citation
Linehan, D. (2015) 'Walls of Money: financialization in Dublin' 2ha Suburbia + Architecture, 10, essay 01. http://www.2ha.ie/issue-10.html
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