Written answers

Wednesday, 11 February 2015

Department of Finance

NAMA Property Leases

Photo of Seán Ó FearghaílSeán Ó Fearghaíl (Kildare South, Fianna Fail)
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44. To ask the Minister for Finance if he will address concerns raised in correspondence (details supplied) regarding a proposal by a person to establish a small business in a property controlled by the National Asset Management Agency; and if he will make a statement on the matter. [6206/15]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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As the Deputy will be aware, NAMA is not the owner or operator of properties.  NAMA's role is, like a bank, that of a secured lender.  Other than properties that have been enforced, all of which are listed on NAMA's website and which are managed by the appointed receivers/administrators, properties continue to be managed by their existing owners or their professional managers/agents albeit NAMA takes a very close interest in their efficient management and sale with a view to maximum loan repayment in order to protect the position of Irish taxpayers.

Against this background and as this is a clearly a commercial matter between the owner of the property in question and the interested party it would not be appropriate for me to comment.  However, in order to be helpful, I am advised by NAMA that should the interested party wish to raise any issue of concern with it regarding their engagement with the property owner, they can contact NAMA directly through its dedicated email address for members of the public, .  In its capacity as a secured lender, NAMA will facilitate engagement between the relevant parties as appropriate.

I would like to advise the Deputy that should you wish to contact NAMA directly on any matter of importance to your constituents you can do so on . This email was set up specifically to deal with queries from Members of the Oireachtas on NAMA, it is regularly monitored and you will receive a prompt reply.

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