Oireachtas Joint and Select Committees

Thursday, 19 September 2013

Public Accounts Committee

Annual Report and Accounts 2012: Discussion with IDA Ireland

11:30 am

Mr. Barry O'Leary:

Around the middle of last year we signalled the issue around property but like anything, it is a case of proving what was being said. Now we have the proof of the three large projects that will hit the news in the not-too-distant future. That will provide one more piece of ammunition in bringing on that agenda, as people will see some leading corporates take some very significant space. That is at the big end of the issue but there is a fair demand on space in the 10,000 sq. ft. to 30,000 sq. ft. sector, and there is an active dialogue with NAMA. It is work in progress rather than anything concrete to report.