Mary Mitchell O'Connor (Dún Laoghaire, Fine Gael) | Oireachtas source

The decision to exit the lease was not made lightly. The IDA commissioned the services of a professional property company to review a number of options, including the early surrender of the lease. The agency carefully considered this advice, along with that of a real estate company and a financial services consultancy which also provided professional options. After almost two years of discussions, and following intensive negotiations, the agency and landlord came to an agreement in late 2015. Had the IDA decided to remain in the lease, it would have continued for an additional 19 years. A tenant was in place that could not be moved. The IDA tried to lease the building but failed to do so. The building was vacant.

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