Mr. Brendan McDonagh:

These are property management costs and they are either taken off against the rent that comes in for the property, if it is rented. Typically, NAMA has a financial monitor who makes sure the work is done and that there are appropriate invoices against industry benchmarks. It is in our interest to make sure the overheads are kept as low as possible but the costs are incurred by the debtors because they own the properties.