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NAMA Portfolio

Dáil Éireann Debate, Tuesday - 15 October 2019

Tuesday, 15 October 2019

Ceisteanna (127)

Fiona O'Loughlin

Ceist:

127. Deputy Fiona O'Loughlin asked the Minister for Finance the buildings owned by NAMA in Newbridge, County Kildare; and if he will make a statement on the matter. [41863/19]

Amharc ar fhreagra

Freagraí scríofa (Ceist ar Finance)

As the Deputy may be aware, NAMA does not own property, rather NAMA has acquired loans for which properties act as security. I am advised by NAMA that its debtors and receivers control a small number of properties in Newbridge, County Kildare. 

Under Sections 99 and 202 of the NAMA Act, NAMA is prohibited from disclosing confidential debtor information, including information on the location and type of assets owned by debtors. It is therefore not possible to identify particular assets which secure NAMA loans in Newbridge as to do so would identify the owners as NAMA debtors.

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