Results 141-160 of 4,491 for speaker:John Perry
- Public Accounts Committee: Northern Ireland Assembly Finance Committee: Discussion on NAMA Project Eagle Sale (1 Oct 2015)
John Perry: It is an important point. It is amazing that the Northern committee has not sought the due diligence in respect of each property that is on sale because I have no doubt but that a report is drawn up on each property by the potential bidders.
- Public Accounts Committee: Northern Ireland Assembly Finance Committee: Discussion on NAMA Project Eagle Sale (1 Oct 2015)
John Perry: There appears to be a lot of non-co-operation with Mr. McKay's committee, if potential bidders are non-co-operative and Deputy Wallace is not co-operating. Is it correct that NAMA is not alone in not appearing before the Northern committee?
- Public Accounts Committee: Northern Ireland Assembly Finance Committee: Discussion on NAMA Project Eagle Sale (1 Oct 2015)
John Perry: Does Mr. McKay's committee not have powers of compellability?
- Public Accounts Committee: Northern Ireland Assembly Finance Committee: Discussion on NAMA Project Eagle Sale (1 Oct 2015)
John Perry: Does his committee in Northern Ireland not have powers of compellability to bring in those witnesses?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)
John Perry: I welcome Mr. Daly, Mr. McDonagh and the team from NAMA. I was somewhat astonished by the comments made by Deputy McDonald in regard to the integrity of the board of NAMA due to the allegations made. They were quite outrageous. I am even astonished by the assertion made by Deputy Ross regarding integrity and his assertion that the taxpayer did not get a deal. I think NAMA has been...
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)
John Perry: It is important to put on the record and duly recognise what an extraordinary achievement there has been in a relatively short period. The property market has improved in the past year and a half but it was on the floor in Dublin, Galway and Cork and in various locations in Northern Ireland. NAMA has reasonably sold its loans as a job lot in order to do a deal and to get its cheque within a...
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)
John Perry: With NAMA being ahead of schedule, what is the estimated saving on interest payments to bondholders? What does Mr. McDonagh feel will happen in the future? I see that NAMA has developed a lot of public-private partnerships and joint ventures, as against sales. Does he see the role of NAMA changing to one where it can stimulate jobs rather than selling property, on account of the liquidity...
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)
John Perry: Public private partnerships could stimulate NAMA properties.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)
John Perry: How does Mr. McDonagh rate the remainder of the portfolio? Is there good stock on the books?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)
John Perry: Would the projected profit of €1.75 billion be a low estimate if that portfolio is taken into account?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)
John Perry: I refer to the stability of the economy and the perception of Ireland as a location for foreign direct investment and the industrialisation of Ireland through IDA Ireland. Some sites have progressively been moved to become job creators. My experience of working with FDI companies is there is a shortage of advanced unit sites. NAMA has played a critical role in the 6% growth in the economy....
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)
John Perry: Does Mr. McDonagh feel section 172 is restrictive, given some people do not understand it? It has allowed the development of outside consortia. NAMA has performed well within the tight constraints of the legislation.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)
John Perry: How did NAMA find Lazard's in the context of independent evaluation?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (Resumed) (1 Oct 2015)
John Perry: It proves the point that people never acknowledge the good deals that are done. Regrettably, they look for the negative. When one considers the extraordinary success, the achievements and the jobs that have been created directly, while people can speculate on what might be the case, the facts speak for themselves and I am delighted to hear them today.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John Perry: Deputy Costello referred to Project Eagle. In the US, when a big pay day arrives they say that the eagle has landed. From the point of view of Cerberus, the eagle certainly landed. I ask Mr. McDonagh to outline the due diligence carried out in advance of the sale. It appears that Lazards was appointed at a late stage. The letter to the Northern Ireland Minister, Mr. Wilson, from Brown...
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John Perry: There were more than 850 different properties in the portfolio and 50% of the land banks are in Northern Ireland. Is the due diligence documentation in the public domain?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John Perry: How was the firm aware of this information?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John Perry: I am not referring to integrity or quality. The letter stated that the firm took great comfort that NAMA has ensured the necessary due diligence in respect of all loans and assets. Lazards was appointed in January and the sale concluded in March.
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John Perry: If one purchases a job lot of properties, it can be more convenient than dealing with each individual title or security. The original loan value was £4.5 billion. What was the initial reason for acquiring the assets cheaply in the first place? How many due diligence exercises were carried out on them?
- Public Accounts Committee: National Asset Management Agency: Financial Statements 2014 (9 Jul 2015)
John Perry: How many of the nine bidders viewed this documentation?