Kieran O'Donnell (Limerick City, Fine Gael)
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The property was occupied by An Garda Síochána. This was not a vacant site. The Department was extremely lucky that NAMA was formed. If NAMA had not been formed, it would have had money going out of the State purse. That €31.5 million could have been used for day-to-day services within relevant Departments but it has now gone into NAMA. What due diligence was done at the time? Were fences rushed at the time? It just so happens that this parcel of land was adjacent to land owned by the same developer. I assume it was acquired previously from the OPW. A sale had taken place with the same developer previously. He was effectively accumulating a parcel of land in that same area. What due diligence was done at the time? On what date in 2006 was the valuation done?