Oireachtas Joint and Select Committees

Thursday, 26 March 2015

Public Accounts Committee

2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Dublin Docklands Development Authority: Annual Report and Financial Statements

10:00 am

Photo of Gabrielle McFaddenGabrielle McFadden (Longford-Westmeath, Fine Gael) | Oireachtas source

Before moving on to what I want to talk about, like Deputy Costello, I must state my extreme discomfort with 16 Hanover Quay. The word on the ground is that €450,000 was way below the market value for the property. Have there been other secret deals? Have there been other deals since then, or are there any in the pipeline at the moment similar to that one? Mr. Crawley said the deal was done at the end of 2013 but was not signed over until January 2015 and that competing priorities at the time slowed down the process. He also said in passing - I do not remember the exact words used and would have checked them - that the time was being used to give others a chance to express an opinion. I was always told that if one gives two excuses, then one does not believe the first one. If Mr. Crawley says there were competing priorities at the time and that time was being left for people to come in on it, then he does not believe either of them. The fact it took from the end of 2013 to 2015 to sign over on a deal that is way below market value is quite extraordinary. Were there secret deals or are there any in the pipeline? When making that decision, did the board know who it was dealing with and who the purchaser was at the time? If I knew who I was dealing with, I would not sell it for way below the market value. Will Mr. Crawley clarify that for me?

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