Oireachtas Joint and Select Committees

Thursday, 26 March 2015

Committee of Inquiry into the Banking Crisis

Context Phase

Mr. Michael Doorly:

The revenue from that transaction was in the region of €24 million. That partly funded the transfer of the print facility to Citywest, where we invested in new presses and a mail room. At the time, those new presses could facilitate more colour than the previous equipment, so it was a significant investment that would have exceeded the €24 million we gained from the sale of our Abbey Street premises. The move to Talbot Street was to a rented property.

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