Construction Ireland Construction Directory
Time and date
CONSTRUCTION DIRECTORY
Share this page
Construction News
04/05/2011

NAMA Accused Of 'Act Of Vandalism'

The Irish Republic's National Asset Management Agency (Nama) has been slammed for failing to take steps to protect historic buildings owned by developers whose multi-million euro loans have ended up in the State's 'bad bank'.

A statement from the Royal Hibernian Academy (RHA), published in the Irish Times and signed by its President, architect Des McMahon, four former presidents, 23 members of the academy and five associates - described this "conduct of omission as in itself an act of vandalism . . . totally inappropriate in this day and age".

They said they were "extremely alarmed at the continued deterioration of our architectural stock of historic and conservation merit", such as the former Hume Street Hospital, which adjoins the RHA gallery at Ely Place, recently stripped by thieves.

-- Advertisement --

The artists accused Nama of "not taking its legal responsibility seriously in regard to appropriate protection of several historic buildings currently under their ownership" and said its "response to our approaches to them . . . has been evasive and ambiguous".

In response, Nama sent a letter to the secretary of the RHA "not admitting that they owned such properties and not making any commitment to safeguarding them", according to Mr McMahon.

He said the issue had been raised at the academy’s April meeting and “the general view was that if this was a painting or piece of sculpture, there’d be no question of them saying that they only own the loan attached to it, not the painting or piece of sculpture”.

Referring specifically to Nama, he said: "There should be no ambiguity whatsoever about a body that's technically our national agency taking steps to protect our national architectural heritage. And as I understand it, they are legally obliged to do so."

A spokesman for Nama reiterated the agency had merely "acquired loans which are often secured by properties, but it has not acquired the properties themselves. Therefore, it is incorrect to say that Nama has a direct responsibility in this area.

"Nevertheless, where the agency is aware that a debtor is not honouring their responsibilities in this area, the agency has directly taken action with the property owners or with the relevant authorities to try to ensure that the properties are properly secured," a spokesperson said.

(BMcC/GK)

Latest Construction News

17/05/2024

Cumnor Construction has completed phase one of the Macroom Library and Briery Gap Theatre project as it hands the keys back to owners Cork County Council. Construction on the new Briery Gap building began in January 2022. Phase One of this significant project has been successfully finished, with ...
17/05/2024

Recent data from the Construction Skills Network (CSN), Labour Market Intelligence Report for Northern Ireland, projects that construction work will increase at an average annual rate of 2.8 per cent. Figures also revealed that the additional recruitment requirement (ARR) in NI is 1.6 per cent, ...
17/05/2024

Mivan has announced that for the first time ever it will have eight competitors at the NI Regional Qualifier for SkillBuild with seven competitors in Bench Joinery and one in Site Joinery. Taking place on 21 May 2024 at South West College Enniskillen, the NI Regional Qualifier will host ...
17/05/2024

SONI has released its latest Tomorrow's Energy Scenarios report which outlines the future of Northern Ireland's electricity grid in accordance with the government's climate objectives. Published in collaboration with EirGrid, the Tomorrow’s Energy Scenarios (TES) report examines various potential ...
17/05/2024

Kildare County Council has published a Master Plan for Kildare Town which was funded by the Department of Rural and Community Development under the 2019 Town and Village Renewal Scheme. The Kildare Town Master Plan highlights essential sustainable development initiatives, categorised under five ...
17/05/2024

News from Metso announcing the launch of their new diesel-electric power line for the aggregates market has been welcomed by their UK and Ireland distributor, McHale Plant Sales, as it is confirmed that deliveries to customers can commence immediately once the first units are received. Commenting, ...
17/05/2024

Fibrus, Northern Ireland's full fibre broadband provider, has announced that it has donated over £14,000 to the Business in the Community (BITC) Good Food Fund. Fibrus places communities at the heart of everything it does and its donation to the Good Food Fund will support primary schools in ...
17/05/2024

Communities Minister, Gordon Lyons and Mayor of Derry City and Strabane District Council, Councillor Patricia Logue, cut the sod at Harbour Square in L'Derry marking the start of installing the Factory Girls Sculpture. Works have been ongoing for several weeks on this public realm project, which ...
17/05/2024

Kirby Group Engineering has scooped a prestigious RoSPA Award which demonstrates its commitment to health and safety excellence. Kirby has been awarded with an Order of Distinction Award in the Industry category, highlighting its commitment to ensuring the safety of its employees as they return ...
17/05/2024

Infrastructure Minister, John O'Dowd, has announced that a £350,000 carriageway and footway resurfacing scheme is set to commence on A25 Church Steet, Downpatrick. The scheme which begins on Monday 3 June 2024 will involve asphalt resurfacing and footway refurbishment of a 250 metre stretch of ...
ODonohoe Water Well DrillingConway Piling Ltd.Fitzpatricks LogisticsRoadmaster Caravans LimitedOGrady Crane Hire & TransportEnviroform SolutionsSnickers WorkwearSwyft EnergyKwik Floor ScreedRTS Heating & Cooling
Terms and Conditions
2024/05/18 09:05:44