Oireachtas Joint and Select Committees

Thursday, 30 November 2023

Public Accounts Committee

Appropriation Accounts 2022
Vote 7 - Office of the Minister for Finance
Finance Accounts 2022
Report on the Accounts of the Public Services 2022
Chapter 1 – Exchequer Financial Outturn for 2022
Chapter 2 – Reporting Ireland’s EU Transactions
Chapter 24 – Performance of the Ireland Apple Escrow Fund
Chapter 25 – Irish Fiscal Advisory Council

9:30 am

Mr. Des Carville:

The liquidators are really at the end of the portfolio, so these are the harder assets to deal with. There is a particular story and case behind each one of the assets. I do not want to get into the specific geography, but in the case of one asset, for example, a bank was a tenant in an office block and the bank went bust, so the tenant left. Rather than sell the unit with vacant possession, they were hoping that another bank would come in or somebody else would step in. There is a story behind each one of these cases.

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