Mr. Brendan McDonagh:

NAMA does not support the displacement of anybody. When the unit is sold by debtors and receivers, if a sitting tenant has a lease registered with the PRTB then the tenant maintains his or her abode. I am aware that when some financial institutions want portfolios sold they will insist that existing tenants are put out in order to sell the property with vacant possession. NAMA does not promote that policy. We have sold portfolios recently and the existing tenants have remained in place because it was just a change in ownership, as the Senator said.