Bríd Smith
Question:131. Deputy Bríd Smith asked the Minister for Finance the number and acreage of NAMA-owned properties and landbanks by property type (details supplied) and by county, in tabular form. [37576/17]
View answerMonday, 11 September 2017
Questions (131)
Written answers
The Deputy will be aware that NAMA does not, in general, own land or property. Rather, NAMA’s role is as a secured lender and the properties which NAMA holds security over continue to be owned and managed by the original property owner, or insolvency practitioner where one is appointed.
In relation to a breakdown of NAMA’s remaining portfolio, I would direct the Deputy towards page 46 of NAMA’s Annual Report 2016, which was published on 1 June 2017 and is available via: https://www.nama.ie/about-us/publications/annual-reports/. The NAMA Annual Report 2016 outlines the geographic and sectoral distribution of NAMA’s remaining portfolio. The relevant information is provided below in Tables 1 and 2 below for the Deputy’s ease of reference. As outlined in Table 2, 64% of NAMA’s remaining portfolio is located in Dublin.
A total of 18% of NAMA’s remaining portfolio is located in the rest of the country, excluding Dublin. A county-by-county breakdown of this portfolio is included in Table 3. Of the Irish assets located outside of Dublin, 86% are located in the cities of Cork and Galway or the counties in the Dublin commuter belt. I am advised by NAMA that outlining sectoral distribution of NAMA-secured assets on a county-by-county basis and in the breakdown categories requested by the Deputy could identify specific property assets and their owner, which is prohibited under the NAMA Act 2009.
Table 1: Remaining Portfolio – Sectoral Distribution - As at 31 Dec 2016
|
Remaining Portfolio Sectoral Distribution |
Total % |
|
Residential |
17% |
|
Development |
21% |
|
Office |
13% |
|
Land |
30% |
|
Retail |
11% |
|
Hotel & Leisure |
5% |
|
Industrial |
1% |
|
Non Real Estate |
2% |
Table 2: Remaining Portfolio – Geographic Distribution - As at 31 Dec 2016
|
Remaining Portfolio Geographical Distribution |
Total % |
|
Dublin |
64% |
|
Rest of Ireland (excl. Dublin) |
18% |
|
London |
10% |
|
Rest of UK |
2% |
|
Rest of World |
4% |
|
Non Real Estate |
2% |
Table 3: Remaining Portfolio – Rest of Ireland (Excl. Dublin) – County by County Distribution - As at 31 Dec 2016
|
County |
Total % |
|
Cork |
37.68% |
|
Kildare |
21.72% |
|
Wicklow |
16.19% |
|
Galway |
5.42% |
|
Meath |
4.76% |
|
Sligo |
3.63% |
|
Westmeath |
2.70% |
|
Louth |
2.43% |
|
Limerick |
1.24% |
|
Waterford |
1.12% |
|
Wexford |
0.97% |