Professor Shane Kilcommins:

When it was initially submitted, the proposal suggested it would cost between €50 million and €60 million, and that was in the original expression of interest that was issued in 2022. A revised expression of interest was then submitted and it suggested that property could be acquired for about €37.5 million. There are two reasons. The first is that there was an incongruence between the business proposal around the veterinary school, which the executive saw, and that proposal for €37.5 million. The second reason is in terms of capital acquisitions. Given where we are at in terms of section 64, it would not be appropriate to go further than that.