Dáil Éireann Debate, Wednesday - 6 June 2012
50 Deputy Pat Deering asked the Minister for Finance the number of properties owned by the National Asset Management Agency that are rented by the State and the total amount of rent that has been paid to NAMA for the past three years. [26226/12]
Amharc ar fhreagraThere are NAMA debtors who own properties which are leased to state agencies and who derive income from them. The properties are leased to the State by these debtors on an arms-length basis. NAMA's primary concern is whether a property is generating cash flow that allows interest and principal on the debt to be repaid by a debtor. NAMA advises me that it does not own any properties that are rented by the State.
NAMA advise me that the total amount of rental income that originates from commercial property leased by NAMA debtors and receivers to the State is not readily available. NAMA does not currently categorise the source of monies paid by debtors into their loan accounts as being rental income from a particular sector of the economy. However, NAMA advise that the amount of monies being paid by State bodies is not likely to be substantial in the context of NAMA's total rental income.
I have asked NAMA to compile the data as sought by the Deputy and NAMA have undertaken to carry out a review of their loans with a view to identifying all properties that involve payment of rent by the State. I will forward this data to the Deputy on receipt from NAMA.
