Mick Wallace (Wexford, Independent) | Oireachtas source

I believe this land was with my good friends in NAMA. A price was agreed and a deposit was paid. A deal was done but somewhere along the route the loans got shifted to a vulture fund. NAMA literally sold the land to a vulture fund, despite a deal having been done with the Higher Education Authority, HEA. How can the Government allow this to happen? It is madness.

Carlow IT has gone on the record to say that since the official confirmation of the cancellation of the sale, it has been formally approached through intermediaries for almost double the agreed price for the site. A deal was done with NAMA but then NAMA said it would sell to a vulture fund and ignored the HEA. The new buyers now want double the price for the land. The Minister of State spoke about the campus in Wexford with 766 students in 2016. It is better than nothing. This is why we were eager for an extension to the campus. How can the Government allow NAMA to sell this land to a vulture fund, which is now looking for double the price? It is only recently-----

See this speech in context