Nama-owned centre attacked

One of the many commercial properties targeted in yesteday's rioting in England was the Nama-owned Arcadia shopping centre on…

One of the many commercial properties targeted in yesteday's rioting in England was the Nama-owned Arcadia shopping centre on Ealing Broadway.

The National Asset Management Agency secured the appointment of administrators to the UK assets of Glenkerrin, the property development company owned by Ray and Danny Grehan, in the High Court in London in May.

Assets owned by Glenkerrin include the Arcadia Centre a shopping centre in Ealing near Heathrow Airport in west London. The centre was attacked during last night's rioting and several windows were broken.

The Ealing centre has 40 to 50 shops and an annual rental income of £4.5 million (€5 million).

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