Oireachtas Joint and Select Committees
Thursday, 12 December 2013
Public Accounts Committee
Special Report No. 77 of the Comptroller and Auditor General - Dublin Docklands Development Authority: Discussion (Resumed)
12:10 pm
Mr. Seamus McCarthy:
We will get the exact date on it because I think it is significant. I will read it for the Deputy. It states:
The Deputy should be aware that was exactly the bid.
After the bid had been submitted, Becbay Ltd. commissioned the valuers CBRE to carry out a formal valuation of the site to support the financing application to Anglo Irish Bank. [It was a requirement for the bank]. Their report placed a value of €412 million on the site as at 3 November 2006.
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