Mattie McGrath (Tipperary South, Independent)
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70. To ask the Minister for Finance if he will clarify if the National Assets Management Agency has property in their portfolio that has been sold or passed on to a company (details supplied) and to explain their meetings with the directors of that company; and if he will make a statement on the matter. [35971/13]

Michael Noonan (Limerick City, Fine Gael)
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In line with NAMA Board guidelines, NAMA requires that the sale of property assets by debtors and receivers is conducted by suitably qualified professional sales agents and that all such sales are openly marketed. NAMA advises that the appropriate sales and marketing strategy for all disposals is determined by reference to a range of factors, including asset class, location and the value of the property, and having regard to NAMA’s objectives as set out in Section 10 of the NAMA Act. NAMA advises that, by reference to these considerations, its debtors and receivers draw from a large number of suitably qualified sales professionals to manage the sale of their properties. I am advised that NAMA debtors and receivers have engaged Allsop Space to sell a small number of properties.

NAMA advises that its policy is to meet a wide range of interested parties, including investors, potential asset purchasers and service providers, both national and international, and to brief such parties in the functions and operations of the Agency. The Agency advises that such briefings include discussion on its protocols for the disposal of assets and its policy in relation to the engagement of third party service providers.