Eoin Ó Broin (Dublin Mid West, Sinn Fein) | Oireachtas source

It is no more difficult to do than demolish and rebuild, which is the default option. Again, Ellis Court is the example. When I asked what was the all-in development cost, they had to go away and get the agreement of the chief executive to agree it, I thought it was going to be astronomically expensive over and above a standard development. It was tenanted earlier this year and late last year. To bring that in at €400,000 a unit is exceptionally good value for money, and that is before you add in the external costs of demolition and embodied carbon savings so it is even cheaper again.