The loan portfolio, dubbed Project Tolka, is to be sold to Colony Capital for in the region of €450m. With a par-value of €1.5BN, the portfolio contains loans linked to the McCormack family, Flynn family and Kelly’s, prominent developers and investors in the property market. The portfolio includes property assets: Burlington Plaza (HQ of Amazon and Sky), Belfield Office Park, mobile phone company 3’s HQ on Sir John Rogerson’s Quay and the offices of Byrne Wallace Solicitors on Harcourt Street.