NAMA Portfolio

Tuesday, 21 May 2013

Questions (210)

Pearse Doherty

Question:

210. Deputy Pearse Doherty asked the Minister for Finance in respect of the €6,758,000 of so-called trading properties held in the balance sheet of the National Asset Management Agency at 31 December 2012, if he will provide an analysis of this property by property type including totals for each residential real estate, commercial real estate, jewellery and art, and if he will outline the way NAMA disposes of this property. [24115/13]

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Written answers

Minister for Finance

I have been informed by NAMA that trading properties include development land and commercial property with an estimated value of €6.4 million and works of art with an estimated value of €0.4 million. In line with its general policy in relation to disposals, it is NAMA’s intention that these assets be openly marketed prior to disposal.