Dáil Éireann Debate, Tuesday - 14 February 2017
141. Deputy Ruth Coppinger asked the Minister for Finance if the apartments in need of remedial work in an area (details supplied) include apartments which completion of same was financed by NAMA; and if he will make a statement on the matter. [6807/17]
Amharc ar fhreagraI am advised by NAMA that NAMA held security over a large number of units within the development to which the Deputy refers. These units were under the management of a receiver appointed by the relevant Participating Institution prior to NAMA's acquisition of the related borrowings.
I am further advised that the properties controlled were sold on the open market by the appointed receiver and that all properties, bar one unit, were sold by end-2014. The final unit was sold in June 2016 by the appointed receiver.
Finally, I am advised that NAMA provided funding, as requested by the receiver, for the purpose of carrying out works to ready the units for sale.
NAMA operates a dedicated email service for members of the Oireachtas, oir@nama.ie, should the Deputy wish to raise any matter directly with the Agency. This email is regularly monitored and Deputies will receive a prompt response.
