Results 1-4 of 4 for mick wallace nama segment:6952666

Finance Bill 2017: Report Stage (Resumed) (22 Nov 2017)

Mick Wallace: ...in the country. The point I made is that these guys have gotten hold of an incredible number of properties that have been made available to rent in Dublin city. They bought them in bulk from NAMA and from the banks. They are buying an incredible proportion of what has become available in the last few years. They are having an incredible impact on the system. One of the most...

Finance Bill 2017: Report Stage (Resumed) (22 Nov 2017)

Pearse Doherty: ...than 50% in different periods. According to its chief executive, Mr. Kevin Nolan, it is considering selling some of its properties to other investors should the right opportunity arise. Deputy Mick Wallace is correct. The Ministers should read the book NAMA Landto see how some of these structures were set up, the inside information and all of the rest. REITs are able to sell off...

Finance Bill 2017: Report Stage (Resumed) (22 Nov 2017)

Mick Wallace: ...listening to the latest report from Hibernia REIT boasting about the incredible money it is making. People might not have noticed but we tabled amendments to the commission of investigation into NAMA that was set up under the auspices of Mr. Justice Cooke. We added in a third module to examine the establishment of the Hibernia REIT. It was set up in 2013 following a three-year stint at...

Finance Bill 2017: Report Stage (Resumed) (22 Nov 2017)

Mick Wallace: ...for Finance in this House on 16 January 2014. I said to him:The Government might view real estate investment trusts, REITs, as a quick fix measure to get rid of properties on the books of ... NAMA and the banks, but questions must be asked about the increased corporatisation of property, with little financial gain for the State. REITs are not taxed on their rental income as long as they...