Oireachtas Joint and Select Committees

Wednesday, 24 October 2012

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Role and Functions of NAMA: Discussion

3:40 pm

Photo of Kevin HumphreysKevin Humphreys (Dublin South East, Labour)
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I accept that. Mr. McDonagh has given me a very clear answer. Money has been made available to finish off development sites. In my area of Dublin I see a pent-up demand for new office blocks and new apartments. The demand for rental properties in central Dublin is very high. Has NAMA a plan to release money or to invest in developing its brownfield sites in the short-term, as anecdotal evidence suggests there is a built up demand in silicon dock and other places in the Dublin area? Are there concrete plans at this stage for such developments?