I propose to take Questions Nos. 89 and 90 together.
My Department has accepted an offer from Florence Properties Limited, for the sale of Clancy Barracks, Dublin. The legal formalities attendant on the sale have proven to be protracted and a contract of sale has not yet been signed. Pending the signing of the contract of sale it would not be appropriate to comment on details of the sale. An appropriate condition in relation to the production of a tax clearance certificate is, however, included in the proposed contract of sale.
Florence Properties Limited, issued a press release in November 2002 indicating that it had agreed to purchase the property in question. The press release stated, inter alia, that:
Florence Properties (Ireland) is a wholly owned subsidiary of Florence Properties (Jersey) which is owned by a trust company, the beneficiaries of which are the family of Irish – born property developer David Kennedy. The directors of Florence Properties (Ireland) are Mr. David Kennedy Jnr. and Mr. Pat Gleeson.
There is no record of any contract having been awarded to Florence Properties Limited by my Department.