Oireachtas Joint and Select Committees

Wednesday, 4 March 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Dr. Peter Bacon:

On the first question about the real estate investment trust, this is a quoted vehicle on the Irish Stock Exchange, with investors. As to what are the characteristics of these investors, they could include the Deputy, me or an institution. I do not think there is a particular type of investor - a "vulture", to use the Deputy's word - involved in real estate investment trusts. There is a diversity of investors. The attraction of the real estate investment trust - or the benefit, as I see it - is that it is a quoted vehicle that enables anyone to invest in its shares.

Will the Deputy briefly remind me of his second question?

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