Oireachtas Joint and Select Committees
Thursday, 11 October 2018
Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach
Sale of Property Loans (Project Glas) By Permanent TSB: Discussion
11:30 am
Mr. Shane O'Sullivan:
I agree that it is. We are actively selling those properties. To date in 2018, we have sold approximately 500 properties and have a stock of just under 1,800. Of those, 330 are at sale-agreed stage while a further 400 are for sale. We are preparing to sell a further 400. The bank is actively seeking to put those properties back into the market.
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