Wednesday, 18 December 2019

Questions (129)

Noel Grealish

Question:

129. Deputy Noel Grealish asked the Minister for Finance the number, extent and value of housing developments, commercial properties and land under the control of NAMA in Galway city and county; the equivalent figures for each of the past five years; and if he will make a statement on the matter. [53567/19]

View answer

Written answers (Question to Finance)

The Deputy will be aware that NAMA’s role is as secured lender and the property assets securing NAMA’s loan portfolio remain under the ownership and control of debtors and receivers.

Set out in the attached file 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 2015 to end-June 2019. 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 listing of all properties under the control of NAMA receivers, including properties in Co. Galway. 

NAMA secured assets in Galway