Written answers

Wednesday, 4 February 2015

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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55. To ask the Minister for Finance if the National Asset Management Agency has a finder's fee arrangement in place with certain debtors who are in control of retail or office units for securing new tenants; if the agency provides any incentive to such debtors for identifying or securing new tenants for their vacant units; if so, the way this incentive works; the number of cases where such an incentive has been extended; the total monetary amount of any such incentive; if he will provide any other relevant information; and if he will make a statement on the matter. [5135/15]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I am advised by NAMA that there are no such finder fee arrangements in place.  In order to meet their obligations to NAMA, debtors are required to actively manage assets which form part of NAMA's security so as to optimise their realised value.    This includes the collection of rents and service charges, arrangements for letting of vacant units and the operation of rent reviews to ensure that rental and occupancy is maximised.

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