Written answers
Thursday, 17 December 2015
Department of Finance
NAMA Operations
Michael McGrath (Cork South Central, Fianna Fail)
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125. To ask the Minister for Finance the number of applications for rent reviews received by developers whose debts are owned by the National Asset Management Agency; and the number which were successful. [45942/15]
Michael Noonan (Limerick City, Fine Gael)
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I am advised by NAMA that it has received 388 eligible rent abatement applications through its debtors and receivers. NAMA has approved 376 of these and declined just 12. NAMA approved rent abatements are worth €24m annually to the SME retail sector in Ireland.
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