Oireachtas Joint and Select Committees

Thursday, 24 May 2018

Public Accounts Committee

Financial Statements 2016: Higher Education Authority, University College Cork and Cork Institute of Technology

9:00 am

Mr. Diarmuid Collins:

Our student rent price has not gone up but during that year we acquired additional student accommodation beds. We bought the Victoria Mills complex, which was privately owned. We had an opportunity to purchase it and did so during 2015-16. In that year, it added an extra 170 beds approximately. Therefore, we got 170 times the individual rent income extra in that year. Our income grew and there were more beds managed by the university.