Oireachtas Joint and Select Committees

Wednesday, 21 May 2025

Committee on Finance, Public Expenditure, Public Service Reform and Digitalisation, and Taoiseach

Dissolution of National Asset Management Agency: Discussion

2:00 am

Mr. Brendan McDonagh:

No. There has never been a formal offer made to us with regard to acquiring the units. On the NARPS, there are 1,366 units. The AHBs and local authorities have a right to acquire them two thirds of the way through the lease, which is approximately 13.5 years through the 20-year lease. I think the first one of those is coming up later this year. Whether they want to do it or not, they will not be with NAMA at that stage. They will be with the LDA and that is a matter they will have to work out with the LDA if they want to do it.