Peter Mathews (Dublin South, Fine Gael)
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Question 118: To ask the Minister for Finance the reason the National Asset Management Agency is delaying the sale of land in Sandyford, Dublin 18 (details supplied) that will allow for the investment of €10 million by a private company and significant job creation; and if he will make a statement on the matter. [4917/12]

Michael Noonan (Limerick City, Fine Gael)
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I am informed by NAMA that the site in question is controlled jointly by NAMA and a non-NAMA bank. Any sale requires the joint agreement of the two lenders in question. The company in question had sought to purchase c. 50% of the site marketed for sale, and the view of the joint lenders was that this proposal significantly devalued the balance of the site. I am also informed that the company in question had dropped it's offer price significantly during negotiations.