Oireachtas Joint and Select Committees

Thursday, 11 October 2018

Public Accounts Committee

2017 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Vote 13 - Office of Public Works
Chapter 6: Lease of Offices at Miesian Plaza

9:00 am

Photo of Marc MacSharryMarc MacSharry (Sligo-Leitrim, Fianna Fail) | Oireachtas source

The concern is that it would be foolish to take a negotiating position in which the landlord knows that the brief is to negotiate the best terms on one building, rather than knowing that the clients are looking at five different options. In this case, it might have looked at the redevelopment of Hawkins House, various blocks on the quays, the old Central Bank building and other possibilities. If TWM were sent out to negotiate the best terms it could, but the vendor or landlord knows that he or she is the only show in town, he or she will clean it out.

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