Oireachtas Joint and Select Committees

Thursday, 17 June 2021

Public Accounts Committee

University of Limerick: Financial Statements 2019

9:30 am

Photo of Brian StanleyBrian Stanley (Laois-Offaly, Sinn Fein) | Oireachtas source

I will move to the Dunnes Stores issue. Professor Mey confirmed there were no written valuations but did not confirm whether there were verbal valuations. Surely, if there was a verbal valuation, which would be unusual in itself, there would be some record of it on a file somewhere, given the amount involved. I take it from Professor Mey's answers there was no verbal valuation. This was pursued earlier in the meeting, but it was not clear whether anyone was asked even for an opinion about this. Getting the views of two different property consultants, given the amount, would be normal, but from what Professor Mey said, in this case the university is in a situation where it still only gets one rather than two. In this case, she clarified it did not get any. Is that correct?

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