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Sell skyscraper plea

Nama has put pressure on property developer Derek Quinlan to put the Citigroup centre in Canary Wharf, London on the market to clear debts.

The sale of one of the tallest skyscrapers in Britain was pushed by NAMA in order to clear the €300m debt that he owes the taxpayer.

Mr Quinlan and his co-investor, Glenn Maud, have put the property on the market for €1.1bn having bought it from Royal Bank of Scotland for €1.48bn in July 2007.

Yesterday, a NAMA spokesman said the agency had been actively seeking the sale of the building for some time and welcomed the news that it has been put on the market.