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_MG_9202-_anglo_irish_site_2010011620100116.jpg
Building site at Castleforbes Square, in Dublin's Docklands, where construction has ground to a halt. The building pictured was once the future corporate headquarters of Anglo Irish Bank. Anglo Irish Bank's sizable  property lending to builders and property developers caused it to be seriously affeced by the downturn in the Irish property market in 2008...Unfinished headquarters of Anglo Irish Bank at Castleforbes Square, in Dublin's Docklands, where construction has been in limbo for a year after not only Liam Carroll's Zoe Developments - a company which was high profile during the Celtic Tiger years - which was developing the site, got into financial trouble, but Anglo Irish Bank also got into trouble, and was nationalised by the Irish government. .. The building site is now falling under the control by the National Asset Management Agency (NAMA),set up by the Irish government as a "bad bank", which acquires property development loans from Irish banks in return for government bonds, to improve the flow of credit within the Irish economy. ..The building pictured was once the future corporate headquarters of Anglo Irish Bank. Anglo Irish Bank's sizable  property lending to builders and property developers caused it to be seriously affeced by the downturn in the Irish property market in 2008...The Irish government announced it was injecting to inject EUR1.5bn of capital for a 75% stake in the bank in December 2008, effectively nationalising it. by 15 January 2009, the government said that recapitalization of the bank was no longer a viable option and and instead fully nationalised it.