Mr. Brendan McDonagh:

Absolutely. We deal a lot with the IDA and its representatives tell us that when foreign direct investment comes to Dublin, the companies want their locations to be based in the north and south docklands. The big firms are located in the south docklands area near Boland's Mill, with IT companies like Google, Facebook, Twitter and so on. The legal firms also want to be close together there. In the north docklands, we are probably looking more towards the growth of the IFSC through financial services companies and major banks that want premises in that area.

This is not speculative. The last thing NAMA wants to do is to engage in speculative development. The country has had enough problems because of that. However, we need realistic planning so if we have an SDZ and we get demand from a company that wants to locate in Ireland, we can build an office block for it and get it there within a defined period of time. These multinationals have multiple choices of locations in different countries, and they look for security of tenure in terms of delivery of premises.