Professor Gerry Boyle:

Yes. We have had an initial valuation, without planning permission, of €12 million. We would like to retain all the proceeds of the sale for investment in our infrastructural requirements, which are many, but that is a matter to be determined by our parent Department and the Department of Public Expenditure and Reform. We certainly hope they will accept the logic of our position, because other than once-off grants we do not have recourse to any funds other than the proceeds of such sales. This would be a very welcome sale but it is, in any event, a couple of years down the road.