Oireachtas Joint and Select Committees

Tuesday, 15 November 2016

Select Committee on Finance, Public Expenditure and Reform, and Taoiseach

Finance Bill 2016: Committee Stage (Resumed)

2:00 pm

Photo of Eoghan MurphyEoghan Murphy (Dublin Bay South, Fine Gael) | Oireachtas source

Most property funds, particularly the property funds we are talking about, are operating with investors who are expecting a nearer-term return, rather than holding on to the assets indefinitely and growing the funds for an indefinite period, because they are very highly leveraged. This is what they are trying to do. The purpose of it is to make a nearer-term redemption than what might be a longer-term fund-----

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