Dáil Éireann Debate, Tuesday - 20 October 2015
269. Deputy John McGuinness asked the Minister for Finance the number of planning permissions that have been sought on land controlled by the National Asset Management Agency in the period 2009 to 2014; and if he will make a statement on the matter. [36001/15]
View answerNAMA's role in relation to property development is, like a bank, that of a secured lender. In that capacity, NAMA provides funding for a wide range of asset management and related asset development activities, including enabling debtors and receivers to lodge planning applications.
To date, NAMA funding has resulted in planning permissions for approximately 1m sq. ft. of new commercial office space, 700,000 sq. ft. of which is within the Dublin Dockland's Strategic Development Zone (SDZ), and planning applications have been lodged or are pre-planning stage in respect of a further 3m sq. ft. of office space.
NAMA funding has also facilitated debtors and receivers securing planning permissions for approximately 9,500 residential units since 2010.
