Thursday, 30 May 2013

Questions (81)

Michael McGrath

Question:

81. Deputy Michael McGrath asked the Minister for Finance his views on whether the value of National Asset Management Agency's property portfolio would be enhanced by alterations to the planning regulations for the Dublin docklands. [26539/13]

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Written answers (Question to Finance)

NAMA has publicly indicated that it has a significant exposure to the Dublin Docklands through its debtors and Receivers and has indicated that it is willing to support investment if it is commercially viable. I am advised that the formal consultation period for the Draft Strategic Development Zone (SDZ) Scheme relating to the North Lotts and Grand Canal Dock areas of Dublin closed on 10th May. I am advised that NAMA, along with a large number of other organisations and individuals, made a formal submission on the Draft SDZ Scheme and that the Agency is otherwise in dialogue with the planning authority and with other State agencies as to how to meet accommodation requirements in the area.

I understand that the Dublin City Manager will shortly issue his report on the submissions received. The elected members of Dublin City Council will then consider and make a decision on the draft scheme. I am confident that NAMA will continue to work towards maximising the value of its assets under prevailing market parameters, including the planning regulations in force.