Written answers
Tuesday, 4 October 2011
Department of Finance
National Asset Management Agency
8:00 pm
Mary Lou McDonald (Dublin Central, Sinn Fein)
Link to this: Individually | In context
Question 133: To ask the Minister for Finance the number of properties currently leased by Government Departments and or agencies that are owned by the National Assets Management Agency and the rental cost to the State for leasing these properties. [26963/11]
Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context
NAMA advises me that it does not own any properties. Clearly there are NAMA debtors who own properties which are leased to state agencies and who derive income from them. The properties are leased to the State by these debtors on an arms-length basis. NAMA's primary concern is whether a property is generating cash flow that allows debt to be repaid by a debtor. NAMA informs me that once the due diligence process is fully complete and its management information systems fully developed, it will be possible to extract data on tenancies attached to property under the control of its debtors but such information is not currently available.
No comments