Paudie Coffey (Waterford, Fine Gael)
Link to this: Individually | In context

Question 189: To ask the Minister for Finance with regard to agencies (details supplied) and their sub-agencies, the levels of office rent paid; the location of offices and their landlords for the years 2008, 2009, 2010 and 2011; the length of the lease in each case; and if he will make a statement on the matter. [18939/11]

Paudie Coffey (Waterford, Fine Gael)
Link to this: Individually | In context

Question 205: To ask the Minister for Finance with regard to agencies (details supplied) and their sub-agencies, the levels of office rent paid; the location of offices and their landlords for the years 2008, 2009, 2010 and 2011; the length of the lease in each case. [18997/11]

Michael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context

I propose to take Questions Nos. 189 and 205 together.

Details in respect of office rental paid by bodies under the aegis of my Department are contained in the following tables.

Public Service Benchmarking Body , Review Group on Higher Remuneration in the Civil Service

Valuation Tribunal

Special EU Programmes Body

* Please note that the Omagh and Belfast office rents were supplied in sterling, these figures have been provided in the table using the exchange rates in use for each year i.e. 2008/2009/2010/2011.

Central Bank of Ireland

1 This figure includes the effect of spreading the benefit of rent-free periods over the lease term or, if shorter than the full lease term, the periods prior to the first lease review date, in accordance with SSAP 21 'Accounting for leases and hire purchase contracts'.

* Initially sub-let for a number of months from State Street Bank (formerly Investor's Trust).

§ No further leases are held by the Central Bank of Ireland in the name of Financial Services Consultative Consumer Panel and the Financial Services Consultative Industry Panel.

§ Leases relating to IFSRA are included within the above details for the Central Bank of Ireland as a whole

National Treasury Management Agency

The National Treasury Management Advisory Committee, the National Pension Reserve Fund Commission, the State Claims Agency Policy Committee and the National Development Finance Agency Board all perform functions in respect of activities which have been delegated to the National Treasury Management Agency by the Government or in respect of which the National Treasury Management Agency acts as the executive.

The National Treasury Management Agency operates from Treasury Buildings, Grand Canal Street, Dublin 2. It has a lease of 35 years on the 5th floor of its premises from 1991 and a 22 year 7 month lease on accommodation on the 1st floor of its premises from 2004. In 2007 NTMA took over a 35 year lease (from 1990) on the ground floor of its premises. This lease expires in 2025.

The landlord is Ambiorix Limited. Rent paid for each of the years 2008 to 2010 inclusive was €1,757,500 per annum. The same rent will apply for 2011.

My Department is not involved in the day to day issues with regard to the running of the Financial Service Ombudsman and the Irish Financial Service Appeals Tribunal as these are independent bodies and are not funded by the Exchequer.