Written answers

Wednesday, 13 January 2016

Department of Finance

NAMA Property Sales

Photo of Mattie McGrathMattie McGrath (Tipperary South, Independent)
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200. To ask the Minister for Finance if the sale of a commercial property (details supplied) in Clonmel in County Tipperary by the National Asset Management Agency was conducted in a sufficiently transparent manner; and if he will make a statement on the matter. [46681/15]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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As NAMA has been established as a fully commercial agency to operate under the direction of a Board of Directors by the NAMA Act, I do not have a direct role in the Agency's sales processes.

However, in this instance, I am advised by NAMA that they have previously provided the Deputy with a direct response to this question.

As has been previously explained to the Deputy, the commercial property referenced has not been sold. I understand, however, that the leasehold for this commercial property was recently sold by, or on behalf of, AIB. NAMA had no involvement in this sale.

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