Mr. Jim Baneham:

That is not the approach that is being taken at the moment.

It is quite specific to each site and the local market conditions. I am aware that this point has been brought up elsewhere. In the case of the Enniskerry Road location, the neighbouring apartments are much more expensive to rent. There is little risk when putting those on the market but that they will be rented. In other areas €1,200 is more than the market rent so they would not rent there.

I acknowledge that there is a degree, if not quite a lot, of complexity in the way it is being developed at the moment.