National Asset Management Agency
Dail Éireann — 2023-02-16
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Jack Chambers (FF), Dublin West

I thank both of the Deputies for raising this issue. I will reflect the feedback they have provided and what they have stated regarding the community's perspective on this, which is important. As I stated, I have been advised by NAMA that it holds a 20% equity interest in the development site at Poolbeg west SDZ. Under the terms of the shareholder agreement NAMA entered into in 2021, all shareholders, in accordance with an agreed business plan, can be requested to meet their respective capital commitments prorated to their equity interest. Otherwise, the specific terms of the shareholder agreement and the value of such commitments are commercially sensitive. I highlight again for the Deputies that NAMA is progressing its objective of facilitating the development of the former Irish Glass Bottle site, including the delivery of social and affordable homes. The Minister for Finance is satisfied that NAMA has the requisite resources, skills and experience to progress the development at this time. As I mentioned, the transfer of NAMA's 20% shareholding to a suitable State body is a matter the Minister may have to consider in conjunction with NAMA when the agency winds down in 2025.

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2023-02-16/debate/main
Retrieved: 2026-08-14T04:51:35+00:00
Sitting date: 2023-02-16