Written answers

Tuesday, 4 March 2014

Department of Finance

NAMA Debtor Agreements

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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56. To ask the Minister for Finance the number of application for rent reviews received by developers whose debts are owned by the National Asset Management Agency; the number which were successful; and if he will make a statement on the matter. [10757/14]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I am advised by NAMA that it has received 320 applications for rent abatement through its debtors and receivers.  Of these 276 applications have been approved, 34 are currently being assessed and 10 have been refused.  The aggregate annual value of approved rent abatements is, to date, €18m.  NAMA has also granted long-term rent reliefs with a value in excess of €40m. 

 

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