Dáil Éireann Debate, Tuesday - 18 September 2012
235. Deputy Peter Mathews asked the Minister for Finance if the National Asset Management Agency is renting out any properties at an apartment block in south Dublin (details supplied); if so, the number of apartments NAMA is renting out; and if he will make a statement on the matter. [37714/12]
Amharc ar fhreagraI am advised by NAMA that it does not own or manage properties securing its loans and that the property to which the Deputy refers is under the control of its debtors and receivers. NAMA has acquired loans from the five participating institutions and is not the owner/operator of the underlying properties. The Agency’s role is that of a secured lender. Other than properties that have been enforced, all of which are listed on NAMA’s website and which are managed by the appointed receivers/administrators, properties continue to be managed by their existing owners or their professional managers/agents. The owners/professional managers are responsible for the efficient running of properties, the collection of rents and service charges, arrangements for letting of vacant units. I understand that a small number of units in the development to which the Deputy refers are under the control of a receiver appointed by NAMA and are currently let.
