Oireachtas Joint and Select Committees

Thursday, 3 October 2019

Public Accounts Committee

2018 Financial Statements of An Bord Pleanála

9:00 am

Mr. Dave Walsh:

I may ask Ms Moloney and others to deal with the details. The accounts for 2017 and 2018 show that in 2017, we were due to have a rent review of our building in Marlborough Street but it did not happen until 2018. We had factored in that we expected there would be an increase in the price of the rents of potentially up to 15%, given the market that was there. As the review was due in 2017, we had budgeted for retrospective costs that might come through. In the end, as part of our negotiation, we secured a 2% increase in our rents for the next five years instead of the 15% for which we had budgeted. There were no retrospective issues in 2017. We felt it was a good deal in the context of that for which we had originally planned. It is a functional building and we control all of it. It is useful to have everyone in one location in order that we, as an organisation from reception all the way through the board, have a seamless process. We will be there for the next four years. Mr. Egan might like to add something.

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