Written answers
Tuesday, 25 September 2012
Department of Finance
Proposed Legislation
Pearse Doherty (Donegal South West, Sinn Fein)
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To ask the Minister for Finance if he has plans to introduce legislation to give effect to so-called Real Estate Investment Trusts in NAMA; and if he has, the timetable for the introduction of such legislation. [40295/12]
Michael Noonan (Limerick City, Fine Gael)
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I wish to inform the deputy that the introduction of Real Estate Investment Trusts (REITs) legislation is being kept under review by my Department. I am aware of NAMA’s interest in this structure as another option in monetising its portfolio.
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