The Journal.ie yesterday picked up on a Dail question asked by Sandra McLellan, T.D. to the Minister for Finance, Michael Noonan, T.D.   Noonan responded by saying that NAMA will release shortly a database of NAMA properties.   The Journal.ie suggests that NAMA will ‘publish a comprehensive list of all the properties under its control.’  I interpret the Dail statement differently – that it will not be publishing a comprehensive list of all the properties in its portfolio but that it will only publish properties that are in ‘control of receivers appointed to enforce against NAMA debtors (appointed either directly by NAMA or by participating institutions working on its behalf)’.  In other words, they are only putting up the properties they are seeking to offload (effectively advertising them).  If the properties are not in receivership they will not be included in the database.  Whilst it would be preferential to have a list of all NAMA properties this is at least a start. Hopefully, more data will follow in due course.  Another Dail question in this regard might be a useful one.

Here is the Dail question and answer, with the latter part of the answer confirming that NAMA will give first option on receiver properties to public bodies, thus fulfilling some social and economic objectives.

53.  Deputy Sandra McLellan  asked the Minister for Finance  if he will engage with the National Asset Management Agency to identify buildings and properties in its portfolio which might be suitable for local sports pitches and facilities; and if he will make a statement on the matter. [13705/11]

Minister for Finance (Deputy Michael Noonan): NAMA has, in the first instance, acquired loans and it advises me that property or other assets securing these loans remain in the possession of debtors unless it takes enforcement action against them. I am informed that, under an initiative currently in preparation, NAMA will shortly include on its website a database of properties which are under the control of receivers appointed to enforce against NAMA debtors (appointed either directly by NAMA or by participating institutions working on its behalf). This will provide a single source of information on NAMA assets which are for sale and it will be updated on a very regular basis. It is expected to be up-and-running within a matter of weeks.

Within the context of its commercial remit, NAMA has made it known that it is open to considering proposals aimed at contributing to broader social and economic objectives, including facilitating public bodies and it has committed to giving first option to such bodies on the purchase of property which is within its control and which may be suitable for their purposes. In these circumstances, NAMA is available to meet with public bodies to discuss any specific proposals that they may have regarding local facilities.

Rob Kitchin

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