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

This happened in September 2013 when the IDA acquired the building on the assignment of properties from Forfás. I became aware of the situation in the past number of weeks. The decision to enter into this lease was taken a very long time ago, in 1969. Given the nature of the lease and its terms, the State's hands were very much tied in terms of options to exit its contractual obligations.

Clearly, there is a need to prevent such a scenario from happening again. I am confident that through the lessons learned we will make sure that this does not happen in the future.

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