Written answers

Tuesday, 17 May 2005

Department of Finance

Departmental Properties

9:00 pm

Photo of Billy TimminsBilly Timmins (Wicklow, Fine Gael)
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Question 159: To ask the Minister for Finance if he will provide a list of all the assets worth more than €100,000 that his Department has sold since 1997; the total value of all these assets; the purposes for which the proceeds from the sale of same were used; and if he will make a statement on the matter. [16299/05]

Photo of Enda KennyEnda Kenny (Leader of the Opposition; Opposition Spokesperson on Northern Ireland; Mayo, Fine Gael)
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Question 161: To ask the Minister for Finance if he will supply an inventory of all assets, specifically land and buildings, disposed of by his Department in each of the past ten years; if transactions were in accordance with proper procedures in the case in which such apply; the date of each sale; the location and asset disposed of in each case; the disposal price agreed; and the purchaser involved. [16401/05]

Photo of Brian CowenBrian Cowen (Minister, Department of Finance; Laois-Offaly, Fianna Fail)
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I propose to take Questions Nos. 159 and 161 together.

The following table provides the information requested about the relevant assets disposed of by the Department of Finance. The assets were disposed of by competitive process and the proceeds were paid into the Exchequer. The Office of Public Works is compiling information about the assets which it disposed of. It will forward the information directly to the Deputies.

Description of asset disposed Location of asset Date of sale Name of purchaser Price
â'¬ million
ICC Bank plc. Ireland February 2001 Bank of Scotland 322.3
TSB Bank Ireland March 2001 Irish Life and Permanent 407.6
ACC Bank Ireland February 2002 Rabobank Nederland 154.6

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