Oireachtas Joint and Select Committees

Thursday, 14 July 2016

Public Accounts Committee

Business of Committee

9:10 am

Mr. Seamus McCarthy:

It certainly goes to the point that Deputy Connolly was making about the importance of having a good strategy in relation to getting into a lease. The lease on Carrisbrook House, as I recall, was a 65-year lease without a break and there were still 22 or 23 years left to run. It was never expected that it would be empty for any period like that. It was thought there would always be a State body that would be able to take it up. IDA Ireland, because of the rationalisation of State bodies over the past number of years, has only been the holder of the lease for about two years. Prior to that, it was Forfás, I think, and prior to that I think it was AnCO that originally took out the lease.

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