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:

The remediation took about four years because of the scale of it and what was involved. I think the receiver had to evacuate the tenants to get the remediation done around 2016, and it was 2015 when Dublin City Council contacted me and said there were serious issues with the ones it had bought back in 2013. The problem with apartment blocks is that you never really see what the issues are until you do opening-up works or some other problem happens. Generally what happens, in my experience of this, is that when problems emerge, it is usually when there is a pipe leak and you have to go behind and cut out the wall or whatever the case is-----