NAMA PROPERTIES & ASSET VALUES
RESIDENTIAL, OFFICE, RETAIL & HOTELS
The current value, as at early December 2012, of the properties, lands and sites controlled by NAMA is estimated at €32.4 billion euros (bn). These assets are divided by value between:
Republic of Ireland: €17.5bn
Northern Ireland: €1.3bn
The balance of €2.7bn are assets located in USA and Europe, including countries such as Belgium, Germany, Portugal, France and Spain.
In the Republic of Ireland, residential properties controlled
by NAMA currently have a value of €3.7bn (Dublin: €2.3bn, rest of Ireland: €1.4bn).
NAMA retail properties are valued at €2.9bn (Dublin: €1.5bn, rest of Ireland: €1.4bn).
Office buildings are valued at €2.7bn ((Dublin: €2.4bn, rest of Ireland: €0.3bn) while hotels account for €0.93bn (Dublin: €0.46bn, rest of Ireland: €0.48bn).
These figures for NAMA's Republic of Ireland assets include over 14,000 residential dwellings and 117 hotels.
The general location of assets in the Republic of Ireland are split by value into:
Dublin 61%, Remainder of Leinster: 15%, Cork 11%, Remainder of Munster: 6%, Connaught: 6% and Ulster (excluding the six counties of Northern Ireland): 1%.
Assets in the UK are split by value into: London: 62.3%, Remainder of England: 31.8%, Scotland: 4.4% and Wales 1.5%. The UK's more active property market allowed NAMA to sell UK located assets early in their loan recovery plan.
In the Republic of Ireland, NAMA has recently set up a subdivision, The National Asset Residential Property Services. The hope is that this agency will eventually, possibly by the end of 2013, allow NAMA to provide up to 3,800 properties for social housing needs.
This information is based on a recent article in the Irish Independent newspaper and is subject to errors and omisions.
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