Written answers
Thursday, 18 May 2017
Department of Finance
NAMA Loans Sale
Mick Wallace (Wexford, Independent)
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83. To ask the Minister for Finance further to a statement (details supplied) by NAMA's head of residential delivery to the Committee of Public Accounts on 25 October 2016, the NAMA loan sales that were initiated by reverse inquiry; the names of the loan sales and the successful bidders, in tabular form; and if he will make a statement on the matter. [23645/17]
Michael Noonan (Limerick City, Fine Gael)
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The information sought by the Deputy is set out in the following table.
| Loan sale | Purchaser |
|---|---|
| Eagle | Cerberus |
| Aspen | Starwood |
| Holly | Lonestar |
| Tower | Blackstone |
| Spring | Deutsche |
| Maeve | Deutsche |
| Boyne | Deutsche |
| Jewel | Hammerson/Allianz |
| Abbey | Apollo |
I am advised that, of the nine significant loan sales which have been triggered by credible reverse inquiries, in only three out the nine cases has the party that made the original reverse inquiry been the successful bidder after a competitive sales process involving other bidders.
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