Dáil Éireann Debate, Tuesday - 4 March 2014
56. Deputy Michael McGrath asked the Minister for Finance the number of application for rent reviews received by developers whose debts are owned by the National Asset Management Agency; the number which were successful; and if he will make a statement on the matter. [10757/14]
View answerI am advised by NAMA that it has received 320 applications for rent abatement through its debtors and receivers. Of these 276 applications have been approved, 34 are currently being assessed and 10 have been refused. The aggregate annual value of approved rent abatements is, to date, €18m. NAMA has also granted long-term rent reliefs with a value in excess of €40m.
