Mr. Brendan McDonagh:

We will not deny that we are not the secured lender, but the reality is that the debtor has put the land up for sale at public auction. This has been put up for notice publicly that it is going for public auction for a long time. The local authority has not engaged with us to date, but a particular association contacted us a few days ago about it. If it does not sell today, there is still time for the local authority to engage. We are all for sensible engagement. We are in partnership with all the local authorities. We are not in the situation that existed five or six or ten years ago when people were trying to game the local authorities. That is not what NAMA does. Local authorities are part of the system and NAMA is part of the system, so we try to work with them as best we can.