Oireachtas Joint and Select Committees

Monday, 16 May 2022

Joint Oireachtas Committee on Health

New National Maternity Hospital: Discussion (Resumed)

Mr. Donal O'Raghallaigh:

I want to be very clear about this. The interest that is demised is the land and the buildings that are built on it. All of the economic interest is down with the tenant. That is a good marketable title, as the Deputy will have heard from several people during the course of last week. The value of the freehold, therefore, is €10 per year provided that is the rent it receives. That is the value of the freehold unless the rent increases because of the charity law purpose. How the Deputy is phrasing it is not fully accurate, in fairness.

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