Oireachtas Joint and Select Committees

Thursday, 30 September 2021

Public Accounts Committee

NAMA Financial Statement 2020 and Special Report 111 of the Comptroller and Auditor General

9:30 am

Mr. Brendan McDonagh:

For the docklands site, I can give the Deputy a breakdown of the whole amount. Of the sites in which we had an interest in 2014, 38% were sold with planning permission. That covers 1.57 million sq. ft of commercial space and planning for over 1,400 units. Some 42% has construction completed and sold. That is 1.74 million sq. ft of commercial space and 458 commercial units. There is 6% with construction complete, which is for about 270,000 sq. ft and 30 social housing units, which are currently being handed over to Dublin City Council, DCC. That is up to 86% of the land in which NAMA had an interest, as the Comptroller and Auditor General mentioned and as I mentioned in my statement. Some 14% is currently under construction, and we expect and hope that construction to be 100% complete, subject to no further delays, by the end of quarter 1 of next year.

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