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

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9:00 am

Mr. John Sydenham:

The nature of it is that the developer, Hibernia REIT, would suffer if it did not avail of the upturn in the market at the end of the lease term. It could suffer substantial losses in the market which it would look to recoup from the State.

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