Written answers

Tuesday, 15 July 2014

Department of Finance

NAMA Property Sales

Photo of Stephen DonnellyStephen Donnelly (Wicklow, Independent)
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194. To ask the Minister for Finance further to the recent sale by Northwood Investors of 1 Warrington Place in Dublin for €43 million following its purchase from a National Asset Management Agency developer for €27 million in April 2012, if Northwood Investors has now repaid its vendor finance to NAMA; and the amount vendor finance NAMA now has available to offer potential buyers of its assets. [31076/14]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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NAMA is precluded by law under s99 and s202 of the NAMA Act and by the normal rules of banking confidentiality from disclosing confidential financial information relating to its debtors.  Detail on NAMA vendor finance is provided on page 21 of NAMA's Annual Report and Financial Statements for 2013.  That Report is available on the NAMA website, .

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