Joe Costello (Dublin Central, Labour) | Oireachtas source

Could we seek further clarification? There is no approximate value for the 17 properties mentioned, for which there is full title but that have not been properly transferred to the State. The properties that were transferred to the State were transferred with a valuation at the high end of the market which they do not reflect now. It is unclear how the valuations were made. There is no valuation for the outstanding 17 properties for which there is no clear title or that are otherwise impaired in some way and have not been transferred to the State.

The loss to the State is considerable. We must also remember that it is 12 years since the deal was agreed, which means that interest and other issues arise.