Dáil Éireann Debate, Tuesday - 30 April 2013
144. Deputy Derek Nolan asked the Minister for Finance if it can be confirmed that the National Asset Management Agency pay management fees for properties within its possession in unfinished estates; and if he will make a statement on the matter. [20284/13]
View answerI am advised by NAMA that its role in respect of property is, like a bank, that of a secured lender. Other than properties that have been enforced, all of which are listed on NAMA’s website and which are managed by the appointed receivers/administrators, properties continue to be managed by their existing owners or their professional managers/agents. As a lender and holder of security, NAMA’s primary concern is that that properties securing its loans are professionally managed and that, in this regard, debtors and receivers comply fully with all statutory, planning and other obligations. This includes payment of management fees where applicable.
