Dáil Éireann Debate, Tuesday - 25 February 2014
193. Deputy Pearse Doherty asked the Minister for Finance if he will confirm the revenue generated by the National Asset Management Agency from its disposal of assets in Northern Ireland; and if he will provide his assessment if these disposals are in line with NAMA’s commitment not to hoard or fire sale assets. [9022/14]
View answerI am advised by NAMA that, since its inception, it has overseen the sale of assets in Northern Ireland by debtors and receivers with a value of €141m. NAMA advises that its strategy in Northern Ireland, as in other jurisdictions, is to seek to ensure that the volume of assets offered for sale is well aligned with the market's absorption capacity and, in that context, that it does not engage in either fire sales or hoarding of assets in Northern Ireland.
