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NAMA Property Leases

Dáil Éireann Debate, Wednesday - 1 April 2015

Wednesday, 1 April 2015

Questions (49, 50, 51)

Pearse Doherty

Question:

49. Deputy Pearse Doherty asked the Minister for Finance the number of the 370 applications received by the National Asset Management Agency under the rent abatement scheme that were received from debtors and from receivers. [13530/15]

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Pearse Doherty

Question:

50. Deputy Pearse Doherty asked the Minister for Finance the number of the 370 applications received by the National Asset Management Agency for the rent abatement scheme related to commercial tenants in a shopping centre in County Cork. [13531/15]

View answer

Pearse Doherty

Question:

51. Deputy Pearse Doherty asked the Minister for Finance the number of vacant shops in a shopping centre in County Cork that are secured by the National Asset Management Agency. [13532/15]

View answer

Written answers

I propose to take Questions Nos. 49 to 51, inclusive, together.

I am advised by NAMA that the 370 applications that it has received to date under its rent abatement initiative relate to 56 debtor connections, eight of which are fully enforced and a further 24 are partially enforced. 

As the Deputy is aware, NAMA has acquired loans and is not the owner/operator of properties.  Properties securing NAMA's loans continue to be managed by their existing owners or, in the case of enforcement, on their behalf by duly appointed insolvency practitioners.  As a secured lender NAMA cannot comment on individual assets.   

As Minister for Finance I am happy to respond to questions on general policy matters relating to NAMA however it would not be appropriate for me to comment on individual assets that secure NAMA's loans or on commercial arrangements between private parties.

I would like to remind the Deputy that NAMA operates a dedicated email address, oir@nama.ie, to enable TDs and Senators to raise matters of concern directly with it and I would recommend that if the Deputy is concerned about a particular issue, he should feel free to bring this to NAMA's attention at this address.  I can assure the Deputy that NAMA fully investigates all matters of concern brought to its attention.

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