Oireachtas Joint and Select Committees
Wednesday, 31 October 2012
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
Operations and Functioning of IBRC: Discussion
10:20 am
Ciarán Lynch (Cork South Central, Labour) | Oireachtas source
I imagine because of the nature of companies that may be based in the State. The parent company might be located outside the Republic of Ireland and the bank's rental agreements may be signed with the parent company outside the State. In dealing with companies within the State I imagine all companies in the aforementioned property portfolio of 100 would be looking for a rent reduction as, given the nature and history of Anglo Irish Bank, those rents would have been set at a very high level at the outset.
How many of those 100 companies have sought a rent review?
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