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:
First of all, when we inherited some lands with planning permissions and zoning, planning permissions expired on some of that land because it was, effectively, not commercially viable at that particular time. Some of the land was also dezoned by the local authorities. Where we believed the land was going to commercially viable in the longer term, we invested money to extend the planning permissions wherever we could. That has been a whole part of our remit all the way through the life of NAMA.