Dáil Éireann Debate, Tuesday - 25 March 2014
271. Deputy Mattie McGrath asked the Minister for Finance the number of receivers appointed by the National Assets Management Agency to family homes and commercial properties; and the money spent to date on receivers by NAMA (details supplied). [14150/14]
View answerNAMA advises that a total of 258 receiver appointments have been made to date in Ireland. Appointments have been made to both commercial entities and to specific properties across various sectors. NAMA advises that receiver appointments include those made prior to the acquisition of the loans by NAMA. Receiver appointments by the participating institutions include appointments made since acquisition of the loans by NAMA on assets and entities which continue to be managed by the institutions on behalf of NAMA. NAMA advises that fees incurred by receivers across all jurisdictions from the date of the acquisition of the underlying loans by NAMA are €59.5m.
I am advised that receivers appointed by NAMA in Ireland control 770 residential properties, comprising single or multiple units, which are either vacant or rented, and 701 commercial properties (comprising single or multiple units) . In the case of family homes, it is necessary to obtain court orders to secure control of the asset and I am advised that, to date, NAMA receivers have sought and obtained court orders in just four cases.
