Mr. Brendan McGrath:

Like County Louth, we have legacy land loans to the value of €32 million. Funding those loans and bringing those loans on the land we can build on obviously affects the value we can achieve. In the case of one scheme, the business case has gone to Department of Public Expenditure and Reform and it is taking time, but because some of that land has been put forward in other schemes, we find the threshold is being brought down to €15 million in respect of that. That is our experience.