Mr. John Crawley:

There is a provision in the code of practice for exceptional circumstances. We took advice on it at the time and we considered it carefully. We had related issues with the counter parties which we also wanted to make sure were put to finality. We did not want to have any remaining issues outstanding as we are in wind-up mode. In the round, we considered that the process we followed was going to achieve best value money for the taxpayer, eliminate any other potential liabilities and achieve an open market price. We achieved €144 per sq. ft., benchmarked against €99 per sq. ft. in a comparable transaction for a comparable property in or around the same time. We believe we got value for money.