Northside Shopping Centre sales is a four horse race

This mornings Irish Times reports that Four bids have been received by the Nama for the €225 million (face value) loans associated with Brian O’Farrell, the north Dublin developer, auctioneer and one of the so-called Maple 10 developers.

The four bidders are CarVal Investors, Fortress Investment Group, Development Securities plc and Patron Capital Partners .

They are believed to value assets in the portfolio at over €50 million in the sale process.

All members of the bidding teams are reported as being currently active in the Irish market.