Oireachtas Joint and Select Committees
Thursday, 24 November 2016
Public Accounts Committee
Special Report No. 94 of the Comptroller and Auditor General: National Asset Management Agency Sale of Project Eagle (Resumed)
9:00 am
Mr. Brendan McDonagh:
That was in relation to people who were bidding for the portfolio. I would say to the Deputy that given the expertise of a firm like Cushman & Wakefield, which had acted for PIMCO and subsequently for Fortress, if one knows the yields in markets that are generally available and if one knows the underlying rent rolls, which was in the data room, one can work out the value of an asset and would not need to ask a local guy to do that.
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