Northern Ireland

Nama repossesses Brooke Hall housing development site

The Irish government's National Asset Management Agency (Nama) has repossessed a 10 acre housing development site in south Belfast.

The agency has appointed receivers to the Brooke Hall site, Saintfield Road.

The land was owned by Brooke Hall Ltd, a company controlled by the Dundalk-based developer John McCann.

Nama has also recently appointed receivers to two of Mr Cann's Republic of Ireland registered firms.

They are Castleway International Developments Limited and Castleway Property Management Limited.

Loans had originally been made to all three companies by Allied Irish Banks.

Nama has taken control of more than 150 properties in Northern Ireland through receiverships or administration and is gradually selling them off.

Among the other properties it has recently taken control of are a large site on West Circular Road in west Belfast that was owned by Barnish Homes.

It has planning permission for 247 homes comprising 117 townhouses, 68 mews houses, 14 semi-detached houses and 48 apartments.

Another former Barnish Homes site now controlled by the agency is three acres at Glenbryn Park in north Belfast which has planning permission for more than 50 houses.