Oireachtas Joint and Select Committees
Thursday, 18 December 2014
Public Accounts Committee
National Asset Management Agency Financial Statements 2013
12:40 pm
Mr. Brendan McDonagh:
Yesterday we announced a joint venture whereby we are giving Oxley Holdings Limited a long-term leasehold and it will invest and engage in a construction contract. We will receive an income. A receiver is involved with Bolands Mills to whom we will advance funding for the planning and potentially for the construction, for which he will engage a construction company. We will not be involved in the bricks and mortar. We are more interested in ensuring it will happen. This is Government policy and what it wants us to do. We are trying to ensure it happens in a coherent way.
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