Tuesday, 10 June 2014

Questions (167)

Stephen Donnelly


167. Deputy Stephen S. Donnelly asked the Minister for Finance further to the recent announcement by Dublin City Council that it had acquired the National Asset Management Agency’s 53% interest in the Ballymun Shopping Centre, if he will disclose the sale price and yield percentage of this asset which is being transferred between two agencies of the State. [24425/14]

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Written answers (Question to Finance)

I am advised that, the Board of NAMA has approved the recommendation of the Receiver to Ballymun Shopping Centre to sell its 53% share in the Shopping Centre to Dublin City Council, which holds the remaining 47% interest, for a consideration of €2.5m.  The price is supported by an open market valuation.