Results 11,741-11,760 of 15,555 for speaker:Eoghan Murphy
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Eoghan Murphy: I am interested in that. In terms of the transaction point, does someone come to Jones Lang LaSalle before he actually has the finances to make an investment in something the company is managing?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Eoghan Murphy: Is it typical that someone would come into Jones Lang LaSalle for a big transaction, which I imagine would happen given the size of the company, and that they would not have negotiated a position with the bank looking for-----
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Eoghan Murphy: Would Mr. Moran’s company or companies like it have had particular relationships with particular institutions or banks before that?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Eoghan Murphy: When Mr. Moran was talking about the practice of giving personal guarantees, was he expressing a hindsight view? Was he aware of it at the time?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Eoghan Murphy: Would he have had particular concerns about individual investors’ exposure given his view of the market in its totality?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Eoghan Murphy: What about syndications? Mr. Moran said they were a significant part of the market at the time. Would he be involved in putting together syndicates or helping people to-----
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Eoghan Murphy: I thank Mr. Moran. I will move on to risks and indicators because my time is vanishing for some reason. Jones Lang LaSalle became increasingly aware of risks in the Irish commercial property market. Did the company express or report any of those fears? Did Jones Lang LaSalle discuss this with any other players in the property market or did Mr. Moran speak to the Government about those...
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Eoghan Murphy: In 2006, a number of significant sale and lease-back agreements of substantial size were made. What is that telling us at that point in time?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Eoghan Murphy: While that is how the banks explained it, does Mr. Moran agree with this explanation?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Eoghan Murphy: At the time. It was not a case of fear over future values and trying to capitalise their position.
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Eoghan Murphy: If I may, I wish to look at a specific interesting case pertaining to Athlone Town Centre. In September 2007, it was valued at €345 million and at the time, The Irish Timesstated it would be the second major shopping mall in the town and had raised questions about whether the local population was large enough to sustain both. In February 2015, it was being valued at €60...
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Eoghan Murphy: Can Mr. Moran remember what the valuation was at the time?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Eoghan Murphy: Does something then need to change, if this moment-in-time valuation-----
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Eoghan Murphy: ----- was seen as sustainable at that point in time, even though a national newspaper was warning about there not being enough demand to use the shops going into the supermarket? One should remember this was in September 2007.
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Eoghan Murphy: Can I clarify with the witness about the Irish Glass Bottle site? His company provided the valuation for the sellers of that site?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Eoghan Murphy: Was Mr. Moran at any point involved in the valuation for that site?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Eoghan Murphy: There were significant difficulties and costs when it came to clearing that site that were not expected. Would site clearance have been a factor when coming to a potential sale value for the site?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Eoghan Murphy: Would Mr. Moran work those costs into a sale price in order for the purchaser to calculate?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Eoghan Murphy: Did Mr. Moran at any point in time provide a valuation or a change upwards in valuation during negotiations?
- Committee of Inquiry into the Banking Crisis: Context Phase (2 Apr 2015)
Eoghan Murphy: Mr. Moran's company was aware there was a risk long-term regarding the Athlone Shopping Centre site and he was advising clients not to buy. Earlier the witness said that if he was talking to a barrister involved in a syndicate he would be telling him or her to not get involved in investing at that point in time.