National Asset Management Agency (NAMA), the organisation set up to manage loans formerly held by Ireland’s struggling banks, has reportedly taken control of five of Belfast’s best known pubs. It has been appointed administrator to Lanyon Trading and Lisk, two companies, which owned the freehold to pubs such as The Bot and the Northern Whig. The sites were leased to Belfast-based pub, restaurant and hotel group Botanic Inns, which is unaffected by the move. In a statement to BBC News, the group said: “Botanic Inns’ group of licensed premises is unaffected by the recent administration of Lanyon Trading Ltd and, its parent company, Lisk Ltd, which owns five Belfast-based freehold properties.” Last month, Botanic reported pre-tax losses of £948,203 in 2010, blaming rent levels at its now entirely leasehold estate. The company, which reported a pre-tax profit of £453,572 in 2009, also revealed that it has secured rent reductions, subject to approval of the landlord's bank, after a period of negotiation.