Ms Katherine Licken:

The building which housed the previous tenant and which now houses Foras na Gaeilge is a building I have passed every day going into work for the past 20 years. It was a 1980s vintage building and was considerably dilapidated in my view. We benchmark against what the rents on the market are now and not what the previous rents under an old lease arrangement were. If one looks at the current market rates per square foot, Foras na Gaeilge is paying €593,000 per annum, but Merrion Square now could expect to achieve a rent of around €800,000 per annum. A grade A city centre building could expect to achieve €1.3 million per annum. We are at the mercy of the market when we are looking for accommodation, so we cannot look at historical rent rolls.