NAMA publishes update on properties subject to enforcement action

The National Asset Management Agency (NAMA) has updated its website listing of properties that are subject to enforcement action by the Agency.  The new information includes all properties which are subject to enforcement action as at 31st January 2012. 

The list includes 35 properties which were added in January.  The total number of properties now listed is 1,119 (some of which are multiple properties such as apartment blocks).   The properties to which receivers were appointed during January include a mix of residential, development, commercial and agricultural assets located in both Ireland and the UK.

Properties that are listed as ‘not for sale at present’ will be offered for sale by the relevant receiver as soon as is practicable and in line with NAMA strategy for the properties. NAMA encourages potential purchasers of properties listed on this site to submit expressions of interest to the relevant receivers or, as appropriate, sales agents.

NAMA’s overriding mandate under the legislation passed by the Oireachtas is to obtain the best achievable return for the taxpayer.  This mandate underpins NAMA’s strategy and day-to-day decision making, whether in terms of policy relating to individual debtors or broader strategies to manage the portfolio of loans and underlying security.  

NAMA has assessed over 600 debtor business plans (corresponding to 95% of its loans). NAMA works with debtors where there is a clear benefit in terms of maximising the value that can be realised from their loans and associated properties and where they are willing to co-operate with the Agency is achieving this objective. The enforcement approach is adopted only after all other options have been considered.

The page can be accessed via the following link:

Where available, contact details for sales agents are provided.  The opening pages of the PDF on this link identify the properties added to the list since its last publication.  NAMA updates the listing on a monthly basis.