Oireachtas Joint and Select Committees

Thursday, 30 September 2021

Public Accounts Committee

NAMA Financial Statement 2020 and Special Report 111 of the Comptroller and Auditor General

9:30 am

Mr. Brendan McDonagh:

In terms of Poolbeg west, new owners have come in and effectively own 80% of it. They are active in moving it on. Planning permission has been received for approximately 3,500 units, although some people say it could cover 3,800 units, and 1 million sq. ft. Within seven weeks of the new owners acquiring an 80% interest, they submitted a planning application for the first 600 residential units. That application is now with Dublin City Council. A request for further information has been issued by the council in recent weeks, which we anticipate will be responded to within the next six weeks.