Results 23,101-23,120 of 34,780 for speaker:Seán Fleming
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: Yes, but valuers are also advisers. There were more than law firms acting as advisers to the bidders.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: Which company went to Fortress?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: Cushnahan.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: It was part of-----
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: In other words, PIMCO was off the field and its advisers split themselves between the two remaining horses in the field and NAMA received a bid that a fraction, 1%, above its minimum price.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: My last question relates to the report from the University of Ulster which was submitted on 8 September 2014. What was the point of it, given that Project Eagle had long been sold at that stage?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: I appreciate that and accept the executive summary. I refer, in particular, to the reference to "residential development land holdings". I accept that this refers to residential development lands. The witnesses have said such lands represented 8% of NAMA's loan portfolio.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: Did NAMA commission any report on the remaining 92%? Why did NAMA just select 8% of its loan portfolio?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: The other lands would have been zoned industrial?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: I ask NAMA to send on information on the valuations. The portfolio was eventually sold for £1.32 billion and we have already accepted that 50% of the underlying assets were outside Northern Ireland. The final amount related to the assets outside Northern Ireland is a minimum of £600 million. NAMA has stated that what was left in Northern Ireland was, effectively, a rump...
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: There is none for the 5.5% either. Let us be clear about that. I will not re-read what I read the last day that valuation means after a well conducted sales process.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: I ask Deputy Cullinane to give other members a chance to ask questions.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: A final question, yes.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: A last question.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: We will request that information.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: I call Deputy Connolly.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: What are the names?
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: Yes, sorry.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: It is on page 92, the decision.
- Public Accounts Committee: Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed) (18 Oct 2016)
Seán Fleming: Is it £1.241 billion?