Oireachtas Joint and Select Committees

Thursday, 17 June 2021

Public Accounts Committee

University of Limerick: Financial Statements 2019

9:30 am

Professor Kerstin Mey:

I would like to clarify. We do not have a written valuation report on file. That does not mean there was not opinion involved in the valuation of the Dunnes Stores site. As I said, KPMG is looking into the governance of the purchase process and we will share the outcomes of that process with the committee. With regard to the fact of two independent written valuations for a property purchase, I agreed with the previous Deputy who asked the question that this is best practice.