Oireachtas Joint and Select Committees

Tuesday, 25 October 2016

Public Accounts Committee

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

10:00 am

Mr. Michael Moriarty:

I might add to that. On an ongoing basis day by day, week by week, month by month we look at all the assets in all the cases to see the best thing to do. All the options would have been reviewed on an ongoing basis as each case came up we would be looking at the assets within it and asking ourselves how do we best realise these assets. We then look at them on a geographic basis from time to time and we look at them on a sectoral basis, retail, office and so on. There is a constant review from the bottom up and the top down as to what is best and that would have been ongoing. As the big cases in that portfolio would have come up for review, as they would on a regular basis, we would have been looking at the options. That is a constant part of the work we do and that would have been a constant part of what we were doing at that stage. As my colleague has explained, it was difficult to see how we would realise certainly the rump of that portfolio. There might have been a few attractive assets at the top end that would go in a relative short order but there was a tail on it that would be very difficult.

Comments

No comments

Log in or join to post a public comment.