Kieran O'Donnell (Limerick City, Fine Gael) | Oireachtas source

Mr. John Moran of Jones Lang LaSalle spoke earlier about the Irish Glass Bottle Company site, which was one of the single largest transactions ever in this country, and development land at the time the sale was transacted. Ms Hunt's company was commissioned by the Dublin Docklands Development Authority in June 2005 to make an independent valuation of the site and the figure it came up with was €240 million. In 2006 a consortium came together under the name Becbay Limited and purchased the site for €412 million. When CBRE was commissioned to come up with a valuation report for the banks in respect of Becbay Limited's offer, the company came in with exactly the same valuation of €412 million for the site. This is part of the Comptroller and Auditor General's report. Ms Hunt is saying she would have seen the market as having peaked, yet here we have a transaction that was the mother of all transactions. Did it feed into her overview? She wrote in her review in January 2007, "It is now the duty of the development community in Ireland to adopt a realistic approach and put the brakes on the quantum of annual housing completions to avoid oversupply occurring in the medium term." Will she comment on that evaluation?