Results 4,681-4,700 of 20,054 for speaker:Brian Stanley
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: I call Deputy Colm Burke.
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: I will go back to the loan sale. I preface what I am about to say with an apology as I know everything is easy until you go about doing it. This would not have been the easiest portfolio that NAMA dealt with. I acknowledge that. We have established today that it happened in one county, Donegal, and that an individual owned two companies on which loans were taken out. There was...
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: My apologies, multiplied by 12. I accept that. We are looking at a rental income from these units. They are occupied, which means they are liveable. They are presumably in a town or on the edge of a town. We can assume they have a value of somewhere between €150,000 and €300,000 each. There are 28 unfinished residential units. Are some of those on the edge of towns or in...
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: They are on the edge of the town.
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: Are they serviced units?
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: Okay. There are sprawls outside a lot of towns in Donegal but there is serviced land on the edge of the town. There are 46 acres, or 21 ha, of land. That is what we are talking about here. By any stretch of the imagination and in normal circumstances, even if it is full of rushes, when the value of that land is totted up, we are looking at a value of somewhere between €5 million...
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: Would NAMA have been intimidated by this individual or by somebody acting on his behalf?
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: I know that. It was the same individual though.
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: I want to drill into this further. What was the nature of it? Was it saying "If you buy this land you will be bumped off"? Was that what they were being told?
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: "If you try to sell this land, you will be bumped off". Is that what they were being told?
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: What were they told?
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: That happens every day of the week.
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: An Garda Síochána would normally pull up on these things.
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: Was there an arrest? Was anyone arrested?
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: Here we have property that in the normal course of events would make somewhere around €6 or €7 million. I am being conservative with this. Some of it is actually zoned land.
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: Some of it is zoned land. It is said the land was of various planning statuses and some with planning permission.
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: I accept that.
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: You could graze sheep on it.
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: One unit or one three-bedroom house would be worth what it was sold for.
- Public Accounts Committee: NAMA Financial Statements 2022 and Special Report 116 of the Comptroller and Auditor General (28 Sep 2023)
Brian Stanley: Roughly €70,000 per unit.