Tuesday, 3 November 2009
Department of Finance
Question 283: To ask the Minister for Finance the cost of the proposals on decentralisation including the cost and or acquisitions of buildings, sites or other development costs associated therewith; the degree to which disposal of surplus building has been achieved; the prices received; if they were in line with market trends; and if he will make a statement on the matter. [38140/09]
The total amount of expenditure on the property aspects of the programme is approximately €321m. This is comprised of the costs of site/property acquisitions, fit out works and rent of approximately €315m expended by the OPW up to the end of July 2009, together with some €6m incurred directly in respect of property costs by other organisations.
The property costs have been offset by the sales/reallocation of some €556m. Of this, €356m has been received from property sales while transfers to the Affordable Homes Partnership account for a further €75m. In addition, the OPW has agreed joint venture redevelopment schemes with an approximate value of €125m, subject to current market fluctuations.
The total expenditure on non-property costs to the end of June 2009 for all decentralising organisations is approximately €14.5m. In addition the OPW has recently advised that its spend to date on staffing costs on the property aspects of the Programme up to June 2009 is €12.6m.