Dáil Éireann Debate, Wednesday - 9 November 2016
93. Deputy Mick Wallace asked the Minister for Finance the number of empty, completed or unfinished residential units which have been sold by NAMA here to date; the average price received for finished and unfinished units respectively; and if he will make a statement on the matter. [28642/16]
View answer94. Deputy Mick Wallace asked the Minister for Finance the construction companies which have been employed by NAMA to date in their building operations; the average cost per unit; and the way in which this compares with the cost of local authority builds. [28643/16]
View answerI propose to take Questions Nos. 93 and 94 together.
As the Deputy is aware NAMA has acquired loans from the five participating institutions and is not the owner or manager of properties. The Agency's role is, like a bank, that of a secured lender. Other than properties that have been enforced, all of which are listed on NAMA's website and which are managed by the appointed receivers/administrators, properties continue to be managed by their existing owners.
Like a bank, as a secured lender NAMA does not develop, manage or rent/sell properties. Accordingly, the information that the Deputy has sought is not applicable to NAMA because NAMA does not employ or engage construction companies and NAMA does not sell residential properties.
Information on NAMA's financial performance and on other aspects of its operations, including the provision of development funding for commercially viable residential and commercial development projects, is provided in its quarterly and annual financial statements, all of which are available on the NAMA website, www.nama.ie.
