Dáil Éireann Debate, Thursday - 18 July 2013
139. Deputy Ciara Conway asked the Minister for Finance the number of non-residential properties the National Asset Management Agency has control over in Waterford city and county; if he will provide details, in tabular form, of locations and sizes; if some of these properties might be used by local charity and community groups; and if he will make a statement on the matter. [36454/13]
View answerNAMA advises that detail on the breakdown of property securing its loans, by asset class and county, is provided in its Annual Report and Financial Statements for 2011, which is available on the NAMA website, www.nama.ie. NAMA is prohibited under Section 99 and 202 of the NAMA Act from disclosing confidential information, including in respect of individual debtor properties. A full list of properties that are subject to enforcement, that is, where an insolvency practitioner has been appointed, is available on NAMA’s website, www.nama.ie/about-our-work/properties-enforced/. This listing is searchable by county. Most of the loans acquired by NAMA from the Participating Institutions are secured on property. NAMA’s interest in this property and in the other assets underlying its loan portfolio is that of a lender holding security for its loan rather than that of an owner. Individuals and groups who have an interest in a property that is under the control of a debtor or receiver are encouraged, therefore, to make contact with the owner of the property or the receiver, if one is in place. They may copy their interest to NAMA at info@nama.ie and the Agency will work to facilitate engagement with their debtors/receivers and, where applicable, sales agents. The Agency ensures that debtors and receivers are aware of any potential purchaser or lessee interest in their properties. NAMA advises that this interest, including from charity and community groups, may often be aligned to the asset strategy identified through the business plan process.
