Oireachtas Joint and Select Committees

Thursday, 30 March 2017

Public Accounts Committee

2015 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
UCC: Financial Statements 2013-2014

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9:00 am

Mr. Diarmuid Collins:

We acquired the IMI company. It had an asset in Sandyford. We got that asset valued. We wanted the campus under UCC. We bought the 13-acre campus in Sandyford. We paid €20 million for that. In turn, we leased it to the subsidiary, which makes a lease payment to the parent.

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