Results 21-40 of 123 for nama speaker:Richard Bruton

Leaders' Questions (10 Jun 2015)

Richard Bruton: ...of the loans and the loans must then be disposed of by way of open public tender. He cannot dispose of the loans below the value indicated by the independent evaluation - they have to go to NAMA - and he cannot dispose of them below that price.

Leaders' Questions (19 May 2015)

Richard Bruton: ...commitment in this area. As Deputy Wallace has said, there is already a commitment to commence 100 projects. There are 350 social housing projects currently under construction. In addition, NAMA has made units available to local authorities. There is a concerted programme of seeking to move this on. Indeed, the Minister for Finance convened the sort of meeting that Deputy Wallace...

Ceisteanna - Questions - Priority Questions: Property Market Issues (17 Dec 2014)

Richard Bruton: ...are available in the short and medium term. While the office market nationally is leading the way in terms of recovery, with overseas investors such as Kennedy Wilson and Blackstone and the likes of NAMA investing in substantial commercial developments across the country - for example, the Dublin strategic development zone, Bolands Mills, and Albert Quay in Cork - there are also...

Ceisteanna - Questions - Priority Questions: Construction Sector Strategy (13 Mar 2014)

Richard Bruton: ...roll-out of the stimulus package, for example, the funding of the new children’s hospital; the decision of the IDA to construct buildings in 2014 in Waterford, Athlone and Letterkenny; the continuing work of NAMA to support recovery in the sector; and the active support of Enterprise Ireland for construction sector firms to improve technology and export capability. The Government...

Topical Issues Debate: Job Protection (11 Mar 2014)

Richard Bruton: To be fair to NAMA, there is a bit of a misunderstanding of its role. NAMA was supportive of an arrangement that would have facilitated a management buy-out of a company that was insolvent. Implicit in that was an agreement to have some of the debts dealt with to allow the company to continue to proceed. As I understand it, it was not NAMA's fault that it was not possible for this process...

Topical Issues Debate: Job Protection (11 Mar 2014)

Richard Bruton: ...of arrangement is put to the court and if the majority of the company's creditors and the court approves, it becomes binding on all of them. In the case of Elverys Sports, I am informed that NAMA, in its role as a secured lender, approved the sale of assets of the parent company, Staunton Sports, to the management team following a process run by the directors of Staunton Sports through...

Seanad: Action Plan for Jobs: Statements (5 Mar 2014)

Richard Bruton: ...the people who get the rents are wealthy and that the people who are paying the rents are poor; that is not the way. That is why the Constitution affords people rights that have to be protected. However, we are doing the following. Through NAMA where a case is presented, NAMA landlords will adopt an approach of being flexible. Increasing flexibility is being shown and landlords are...

Written Answers — Department of Jobs, Enterprise and Innovation: Upward Only Rent Reviews (27 Nov 2013)

Richard Bruton: ...has taken steps to address the issue where possible. In the Action Plan for Jobs 2012, the Government undertook to place downward pressure on commercial rents where the National Asset Management Agency (NAMA) had acquired the loan on the underlying property. NAMA has published its policy guidance which will inform the approach to be taken where relevant tenants are experiencing...

Written Answers — Department of Jobs, Enterprise and Innovation: Retail Sector Issues (10 Jul 2013)

Richard Bruton: ...steps to address the issue where possible. In the Action Plan for Jobs 2012, the Government undertook to place downward pressure on commercial rents where the National Asset Management Agency (NAMA) had acquired the loan on the underlying property. The 2013 Action Plan includes a number of specific commitments to support the retail sector, including an initiative to increase the number...

Written Answers — Department of Jobs, Enterprise and Innovation: Business Costs (22 May 2013)

Richard Bruton: ...the issue of upward only rent reviews where possible. In the Action Plan for Jobs 2012, the Government undertook to place downward pressure on commercial rents where the National Asset Management Agency (NAMA) had acquired the loan on the underlying property. Other property related costs, such as stamp duty on transactions, have recently been reduced. Local Authority rates have fallen...

Ceisteanna - Questions - Priority Questions: Bank Lending (23 Apr 2013)

Richard Bruton: .... Much of that is now funded from the NPRF. In addition, the Minister for Public Expenditure and Reform has a €2.25 billion stimulus scheme in place, through PPPs and other capital programmes and NAMA has indicated that it is investing €2 billion in its property folio. These are ways - off the balance sheet - for providing a stimulus and the Government is committed to...

Written Answers — Department of Jobs, Enterprise and Innovation: Economic Competitiveness (23 Apr 2013)

Richard Bruton: ...issue of upward only rent reviews where possible. In the Action Plan for Jobs 2012, the Government undertook to place downward pressure on commercial rents where the National Asset Management Agency (NAMA) had acquired the loan on the underlying property. I understand that by the end of 2012, NAMA had received 276 eligible applications for rent abatement and had granted 212 applications...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Action Plan for Jobs 2012 and 2013: Discussion with Minister for Jobs, Enterprise and Innovation (26 Feb 2013)

Richard Bruton: ...of our national lottery. He has established an infrastructure fund within the pension reserve fund, between the NPRF and Enterprise Ireland. We have created €2.5 billion worth of funds for SMEs and NAMA has committed to €2 billion of investment in new activity. We are using the resources we have to leverage investment in ways that are innovative. That must be recognised....

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Action Plan for Jobs 2012 and 2013: Discussion with Minister for Jobs, Enterprise and Innovation (26 Feb 2013)

Richard Bruton: ...General and others in order to see whether a system could be devised but that was the bottom line and the taxpayer simply could not afford to pay compensation to landlords. On the positive side, NAMA agreed to go ahead with the approach considered, namely, where companies could demonstrate they were in difficulties that it would agree to renegotiate terms. NAMA has renegotiated more...

Written Answers — Department of Jobs, Enterprise and Innovation: Retail Sector (21 Feb 2013)

Richard Bruton: ...steps to address the issue where possible. In the Action Plan for Jobs 2012, the Government undertook to place downward pressure on commercial rents where the National Asset Management Agency (NAMA) had acquired the loan on the underlying property. I understand that by the end of 2012, NAMA had received 276 eligible applications for rent abatement and had granted 212 applications with an...

Written Answers — Department of Jobs, Enterprise and Innovation: Upward Only Rent Reviews (14 Feb 2013)

Richard Bruton: ...steps to address the issue where possible. In the Action Plan for Jobs 2012, the Government undertook to place downward pressure on commercial rents where the National Asset Management Agency (NAMA) had acquired the loan on the underlying property. NAMA approves requests for rent easement or abatement from its debtors where a tenant demonstrates that the rent payable under the lease is...

Joint Oireachtas Committee on Jobs, Enterprise and Innovation: Reform of National Micro and Small Business Support Structures: Discussion (5 Feb 2013)

Richard Bruton: ...for any loss incurred in the revision of an upward-only rent. That option is not open to us in the current financial climate in the State. To be fair, the National Asset Management Agency, NAMA, which is a big property owner on behalf of the State, has applied changes in its rules. I believe the penny has dropped with landlords to some degree as to the true state of businesses and many...

Written Answers — Department of Jobs, Enterprise and Innovation: Upward Only Rent Reviews (24 Jan 2013)

Richard Bruton: ...with legislation to abolish upward-only rent review clauses in leases signed before 28th February 2010. However, the Government took steps to address the issue where possible. In this regard, NAMA is playing a role in dealing with problems caused by upward only rent reviews applying to NAMA properties and has published policy guidance which will inform the approach to be taken where...

Written Answers — Job Retention: Job Retention (12 Jul 2012)

Richard Bruton: ...not be vulnerable to a legal challenge or require compensation to be paid to landlords. While legislative intervention may not be feasible, the Minister for Finance has outlined the role which NAMA can play in dealing with the problems caused by upward only rent reviews which apply to NAMA properties. NAMA has published policy guidance which will inform the approach to be taken where...

Action Plan for Jobs (7 Jun 2012)

Richard Bruton: ...brief. The Minister for Public Expenditure and Reform, Deputy Brendan Howlin, has established an infrastructural fund amounting to €1 billion to support opportunities in that respect. Last week NAMA stated its belief that, as a State company of a different sort, it would invest €2 billion in practical infrastructural projects during the coming years. Attention is being paid to...