Oireachtas Joint and Select Committees
Thursday, 30 September 2021
Public Accounts Committee
NAMA Financial Statement 2020 and Special Report 111 of the Comptroller and Auditor General
9:30 am
Seán Sherlock (Cork East, Labour) | Oireachtas source
I will start with the Dublin docklands SDZ. My understanding of this is that in 2014 NAMA adopted a secondary objective of the facilitation of the development of office accommodation in Dublin and had an interest in 17 ha of the 22 ha of the undeveloped land in the Dublin docklands SDZ. My understanding is that Mr. McDonagh's board approved a business plan for those sites in September 2014 and that there were no formal targets set out in that business plan. I also understand that by the end of 2018 construction was under way or had been completed on 70% of the land in which NAMA had an interest and that by May 2020 construction was under way or had been completed on sites accounting for 86% of the land in which NAMA had an interest. Regarding the commercial development of the Dublin docklands SDZ, can Mr. McDonagh confirm for me what percentage of the NAMA land has seen full construction to date?
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