Alice-Mary Higgins (Independent)

I will come back to that. I have a couple more questions and I am conscious of time. My core question does not solely relate to the outcomes that may be on the records, but rather about the materials. What will be transferred and where will those records be stored?

Before Mr. McDonagh replies, I wish to add in another issue which comes back to that question of protecting or enhancing these assets in the interest of the State. It is really surprising, given the housing crisis, that the figures for the delivery of social housing by NAMA have been so low. Mr. McDonagh mentioned that individual offer that was made, which only a certain number took up. Can he indicate why no more than 7,000 properties were offered and why more of those 7,000 were not taken up? This is a key issue in the context of local authorities. When Mr. McDonagh mentioned this, did he mean offers of ownership or leasing were made to local authorities? In respect of leasing, as I understand it, NAMA has a social housing portfolio of 1,366 properties. Those are not social homes directly owned by the State. These are properties being leased as social housing.