Mr. John McCarthy:

Yes. We have a very good and constructive relationship with NAMA. To give a sense of how much progress has been made, up to the end of quarter one this year, more than 4,600 units had been identified by NAMA. A total of 1,900 were confirmed to be suitable by local authorities. As things stand at the end of April, more than 750 of those have been activated and there are active negotiations and appraisals ongoing on a further 1,000 units. I will ask my colleague Mr. Layde, who has been leading for us on the matter, to add to what I say. One of the difficulties that has arisen with the NAMA units is that some of them have either been in the wrong place in terms of social housing demand or in the wrong place in terms of sustainable communities.