Dáil Éireann Debate, Thursday - 23 February 2012
70 Deputy John Halligan asked the Minister for Finance if there are any plans in place to make the facilities contained within commercial properties which have been moved under the control of the National Assets Management Agency available to the community at reasonable rates; and if he will make a statement on the matter. [10352/12]
Amharc ar fhreagraNAMA has a commercial remit and a statutory objective to generate a return for the taxpayer. However, within the context of its commercial remit and consistent with section 2 of the National Asset Management Agency Act 2009, NAMA is at all times open to considering proposals aimed at contributing to broader social and economic objectives. Thus NAMA is open to facilitating the work of public and community bodies in the creation of vibrant sustainable communities where this is possible. Any local community organization, therefore, which has a proposal that it wishes to put to NAMA should contact the Asset Recovery Team within NAMA.
71 Deputy Peadar Tóibín asked the Minister for Finance if he will provide a list of properties and their values in the Meath County Council area that are assets in loans transferred to the National Assets Management Agency. [10386/12]
Amharc ar fhreagra72 Deputy Peadar Tóibín asked the Minister for Finance if he will provide a list of properties and their values in the Meath West constituency area that are assets in loans transferred to the National Assets Management Agency. [10387/12]
Amharc ar fhreagraI propose to take Questions Nos. 71 and 72 together.
Properties under the control of receivers or other insolvency professionals appointed by NAMA are listed on its website at http://www.nama.ie/PropertiesEnforced.php. The site includes properties located in Meath, including Ashbourne, Drogheda, Dunshaughlin, Enfield, Navan, Rathmoylan, Duleek, Kilcock and Trim. In each instance, information about the firm dealing with the insolvency and its contact details are provided. Potential purchasers are encouraged to contact the receivers to obtain additional information on specific properties and to submit expressions of their interest to purchase.
In the case of property under the control of debtors, NAMA is precluded, under Section 202 of the NAMA Act 2009, from disclosing confidential information. Confidential information is specifically defined to include information relating to debtors. Furthermore, Section 99 of the Act provides that, on acquisition of a loan, NAMA takes over the obligations of the participating institution under the loan, one of which is the contractual duty of confidentiality which the debtor enjoyed while still a customer of the participating institution. Information about individual debtors or guarantors is also protected against disclosure by the Data Protection Acts with which NAMA must comply as a data controller.
However, in cases where NAMA receives enquiries from potential purchasers about specific properties under the control of debtors, it can facilitate contact with a view to enabling sales transactions to take place.
