Ms Jeanette Mair:

There is complexity around due diligence, which the investment arm or equity company would have to undertake, because in that case the balance sheets, history, capacity and competence of multiple firms would have to be examined rather than those of one firm. That is a question the investment community would have to answer. The problem is equity funds are not interested in lending shy of €5 million because they will not generate a return on their investment and it is not worth the paperwork that they would have to go through. That is why they are only interested in the larger builders and so on.