Mr. Brian Rowntree:

I had a primary interest in housing. I was the then chairman of the Northern Ireland Housing Executive, the largest social housing landlord in western Europe. I thought there was a situation here where I could foresee where we are today and the issues that were going to emerge. It must be remembered that where one has lands that are bogged down financially and in terms of capacity, to roll those out is not a five-year plan - once it becomes stagnated it is a ten to 15-year plan. I thought that here was an opportunity to look at something where we could match commercial and industrial opportunities while also looking at giving some capacity and some enhanced initiative around residential.