Dáil Éireann Debate, Tuesday - 16 January 2018
180. Deputy Noel Grealish asked the Minister for Finance the number, extent and value of housing developments, commercial properties and land under the control of the National Asset Management Agency, NAMA, in County Galway and in Galway city in each of the years from 2009 to 2017 and to date in 2018; and if he will make a statement on the matter. [54337/17]
View answerI wish to point out to the Deputy that the property assets securing NAMA’s loan portfolio remain under the ownership and control of debtors and receivers.
Set out in the following is information, in the format held by NAMA, relating to property collateral in Co. Galway that secured NAMA’s loan portfolio for each of the years from 2012 to 2017 (as at mid-June). Changes from year to year reflect the impact of asset disposals activity, changes in the value of retained assets and changes in asset classification e.g. from ‘Land’ to ‘Development’ for sites on which development was funded by NAMA.
I am advised that the NAMA website, www.nama.ie, includes a list of all properties under the control of NAMA receivers, including properties in Co. Galway.
Breakdown of NAMA secured assets in Galway by sector
|
2012 - aggregate value €488m |
|
|
Retail |
39% |
|
Hotel & Leisure |
18% |
|
Residential |
14% |
|
Office |
12% |
|
Industrial |
7% |
|
Land |
5% |
|
Residential / Commercial Development |
4% |
|
Other |
0.4% |
|
2013 - aggregate value €439m |
|
|
Retail |
40% |
|
Hotel & Leisure |
16% |
|
Residential |
14% |
|
Office |
12% |
|
Industrial |
8% |
|
Land |
5% |
|
Residential / Commercial Development |
5% |
|
Other |
1% |
|
2014 - aggregate value €503m |
|
|
Retail |
27% |
|
Residential |
22% |
|
Hotel & Leisure |
16% |
|
Office |
14% |
|
Land |
9% |
|
Industrial |
7% |
|
Residential / Commercial Development |
3% |
|
Other |
1% |
|
2015 - aggregate value €290m |
|
|
Retail |
36% |
|
Residential |
19% |
|
Office |
19% |
|
Land |
11% |
|
Industrial |
6% |
|
Residential / Commercial Development |
5% |
|
Hotel & Leisure |
4% |
|
Other |
0.1% |
|
2016 - aggregate value €48m |
|
|
Land |
37% |
|
Retail |
21% |
|
Residential / Commercial Development |
19% |
|
Industrial |
10% |
|
Residential |
7% |
|
Office |
6% |
|
HY 2017 - aggregate value €43m |
|
|
Land |
42% |
|
Retail |
23% |
|
Residential / Commercial Development |
13% |
|
Residential |
9% |
|
Industrial |
7% |
|
Office |
6% |
