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Commercial Property

Dáil Éireann Debate, Monday - 11 September 2017

Monday, 11 September 2017

Questions (1488)

John McGuinness

Question:

1488. Deputy John McGuinness asked the Minister for Transport, Tourism and Sport if he will review submissions made to the Committee of Public Accounts relevant to a company (details supplied); the way in which the company was treated by a company; if he will investigate the complaints made and the inaction of a company; if he will confirm the sales price of the property concerned; and if he will make a statement on the matter. [37432/17]

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Written answers

This matter relates to a sale transaction dispute with Shannon Development dating back to 2011.  This began before the establishment of Shannon Group which now includes the former Shannon Development property portfolio within its subsidiary Shannon Commercial Enterprises.

I am aware of the process undertaken by the Public Accounts Committee in reviewing this dispute and the conclusions reached by them. I am also aware of the response provided by Shannon Commercial Enterprises on the issues raised by the Committee.  However, this is a commercial matter in which I have no function.

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