Oireachtas Joint and Select Committees

Monday, 16 May 2022

Joint Oireachtas Committee on Health

New National Maternity Hospital: Discussion (Resumed)

Mr. Donal O'Raghallaigh:

No, and I just want to be very clear about this because there has been some commentary on it. Once the 299-year lease is granted to the HSE, the freehold that SVHG holds in the property is obviously subject to that lease. We could say a virtual freehold is held by the HSE or an ownership is held by the HSE. Creating security over that interest is subject to the lease. The lease is protected and it is not a security that takes value from what is on the site. It is a technical point for keeping the entirety of the campus under one ownership.

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