Michael Noonan (Limerick City, Fine Gael) | Oireachtas source

I have no expertise in the sale or valuation of property but I understand that the NAMA board had a view that it should take advantage, to the greatest extent possible, of favourable Irish market conditions by increasing the flow of assets to the markets while remaining faithful to its purpose and objectives under the NAMA Act. I think it is right that it cannot sell a property portfolio house by house, field by field or business by business. It would have to bundle them to do its job effectively because it had so many assets to dispose of and had to get the best return for the taxpayer. We could argue about how big the bundles should be but that is for the property people who have the expertise in this area and all evaluations of NAMA to date have been that it is doing a pretty good job.

See this speech in context