Oireachtas Joint and Select Committees

Thursday, 28 September 2023

Public Accounts Committee

NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General

9:30 am

Mr. Brendan McDonagh:

Absolutely. I engaged with the Department of Tourism, Culture, Arts, Gaeltacht, Sport and Media and the Department of the Taoiseach in 2015. It was agreed then that the Department of Tourism, Culture, Arts, Gaeltacht, Sport and Media would buy the site in central Dublin from the debtor and it was bought from the debtor, I believe for a price of €4 million. The remaining part of the site was part of the loans that were sold with the shopping centres.