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National Asset Management Agency

Dáil Éireann Debate, Tuesday - 13 March 2012

Tuesday, 13 March 2012

Ceisteanna (89)

Gerry Adams

Ceist:

141 Deputy Gerry Adams asked the Minister for Finance further to Parliamentary Question No. 94 of 22 February 2012, the fees that are paid to companies who provide property valuations for the National Assets Management Agency; the fees for this service that were paid in each of the years since NAMA was established; and if he will give details of the top ten recipients of these fees in each of the years since NAMA was established. [13616/12]

Amharc ar fhreagra

Freagraí scríofa

NAMA has provided the property valuation fees below by year, together with the top 10 recipients of these fees in each year. The analysis is based on fees invoiced to and paid by NAMA in the period from inception to 31 January 2012. Amounts are inclusive of VAT. A total of €13.3m has been paid by NAMA for property valuations. €12.4m of the valuation fees paid relate to once-off property valuations carried out as part of the property due diligence in respect of the acquired loans. €0.9m of the valuation fees paid relate to valuations required as part of NAMA's ongoing management of the acquired portfolio

The property valuation fees incurred in respect of property due diligence are recovered from the financial institutions through a reduction in the acquisition value.

Total Property Valuation Expenses by years (€‘000)

Year

Total €’000

2010

4,084

2011

8,947

2012

273

Total

13,304

Top 10 Providers to date (€'000)

Firm

2012

2011

2012

Total €’000

Jones Lang Lasalle Ltd — Dublin

584

655

1,239

Donal O’Buachalla and Co Ltd

329

873

1,201

Colliers International Dublin

444

534

978

Lisney Ltd

293

567

1

861

Knight Frank LLP

266

490

756

WK Nowlan and Associates

327

406

16

748

Cushman and Wakefield

56

576

65

697

Lambert Smith Hampton

111

578

689

HWBC Ltd

210

418

3

630

Savills Commercial (Ireland) Ltd

52

456

105

612

Top 10 Providers by year (€'000)

2010

Firm

€’000

Jones Lang Lasalle Ltd — Dublin

584

Colliers International Dublin

444

Donal O’Buachalla and Co Ltd

329

WK Nowlan and Associates

327

Lisney Ltd

293

CB Richard Ellis

278

Knight Frank LLP

266

Bannon Commercial Property Consultants Ltd

229

HWBC Ltd

210

GVA Grimley Ltd

142

2011

Firm

€’000

Donal O’Buachalla and Co Ltd

873

Jones Lang Lasalle Ltd- Dublin

655

Lambert Smith Hampton

578

Cushman and Wakefield

576

Lisney Ltd

567

Colliers International Dublin

534

Knight Frank LLP

490

Savills Commercial (Ireland) Ltd

456

HWBC Ltd

418

Irish and European

417

2012

Firm

€’000

Savills Commercial (Ireland) Ltd

105

Cushman and Wakefield

65

CB Richard Ellis

42

Frazer Kidd and Partners

22

WK Nowlan and Associates

16

Irish and European

7

Douglas Newman Good

6

Knight Frank (Dublin)

3

HWBC Ltd

3

Colliers International Belfast

2

Barr
Roinn