Pearse Doherty (Donegal South West, Sinn Fein)
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63. To ask the Minister for Finance if he will outline the arrangement between the National Asset Management Agency and the National Association of Building Co-Operatives; the number of properties to which the arrangement relates; the length of the lease terms; if NAMA is charging market rents; the location of the properties; and if he will make a statement on the matter. [21636/13]

Michael Noonan (Limerick City, Fine Gael)
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NAMA, through its subsidiary National Asset Residential Property Services, has entered into an agreement to lease 13 houses in Cobh, County Cork to the National Association of Building Co-Operatives (NABCO). I am advised by NAMA that the particulars of the lease agreement, including term length and rental fee, have been negotiated in confidence with NABCO as a commercial counterparty and it would not be appropriate for the Agency to publish such details as it could prejudice the conduct or outcome of NAMA’s negotiations with other commercial counterparties.