Ms Marie Hunt:

It is hard to generalise. I think some of them are here for the long haul and some of them did not understand the Irish market, but now that they have come and seen it on the ground, they are much more comfortable and may well stay. Some of them are moving up the risk curve now. They are not investing in the types of assets they initially came to buy and are now moving into the development sphere. In some cases, they are providing development funding.