Oireachtas Joint and Select Committees

Thursday, 6 October 2016

Public Accounts Committee

Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)

11:00 am

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael) | Oireachtas source

No. What I am saying is that under the Act, it is a matter for NAMA to make a commercial decision on how it disposes of any property, and it is authorised under the Act to do it in whole or in part, and it must decide whether it is doing it in small bundles of property or to put the totality to market. I assume that when it got the offer from PIMCO originally, which did not go direct to NAMA but went into the Northern Ireland authorities, it realised that there was a potential to sell all of Project Eagle to one willing purchaser at a good price, and the process ensued from that, in my view. It is a matter for NAMA. It is-----

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