Tuesday, 17 July 2012

Questions (81)

Patrick Deering

Question:

85 Deputy Pat Deering asked the Minister for Finance further to Parliamentary Question No. 50 of 6 June 2012, if he will provide the number of properties owner by the National Asset Management Agency that are rented by the State; and the total amount of rent paid annually on a county basis. [34483/12]

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Written answers (Question to Minister for Finance)

I am advised by NAMA that it does not own nor does it manage properties securing its loans and that the properties to which the Deputy refers are under the control of its debtors and receivers. NAMA advises that the income arising from the rental by State bodies of approximately 82 NAMA debtor and receiver properties is of the order of €30 million per annum. NAMA advises that 48 properties are located in Dublin and the neighbouring counties of Wicklow, Kildare and Meath; these account for 76% of total annual rental income. There are 24 properties located in counties Limerick, Cork and Galway and these account for a further 21% of total income. The residual 10 properties are located throughout the rest of Ireland and account for 3% of rental income. The further breakdown by number and county sought by the Deputy would lead to the identification of specific properties, breaching Sections 99 and 202 of the NAMA Act, under which NAMA is prohibited from disclosing confidential details relating to its debtors or their properties, and the obligation on its debtors and receivers to uphold the confidentiality of agreements entered into with third parties.