Oireachtas Joint and Select Committees

Wednesday, 22 October 2014

Joint Oireachtas Committee on Finance, Public Expenditure and Reform

Operations and Functions: National Asset Management Agency

5:40 pm

Mr. Brendan McDonagh:

We have been selling properties on an individual basis throughout the existence of NAMA. In the instance the Deputy mentioned, we sold a group of private apartment blocks with 761 units. However, when we originally inherited that, there were approximately 1,600 units, so almost 900 units were sold to individual buyers before we sold the rest en bloc. If an offer is made to us and it makes commercial sense, we will certainly consider it.