Mr. Chairman, just before Mr - The Tribunal of Inquiry into Certain ...

2611:34:241 the scene when the scheme has been built and has let?2 A. No that's a lie.3 Q. 51 That's a lie is it.4 A. That's an absolutely. The Grosvenor Developments took over Quarryvale before a11:34:365 brick went on the ground.6 Q. 52 I think Chairman, we are into the next module now?7 A. Or before planning was in place Mr. Lawlor.89 CHAIRMAN: Yes but Mr. Lawlor you asked the question. You put it to him that11:34:4710 a developer or the institutions wouldn't produce any money until the buildings11 were constructed. So anyway, it seems --12 A. Quarryvale was built by Grosvenor Developments, they took it over and paid the13 money to take it over before a brick went on the ground, or planning was even14 granted.11:35:1315 Q. 53 You see Chairman, could I put it to Mr. Gilmartin if you want to go down that16 road. Grosvenor Developments are developer and therefore were putting in their17 money as developers you are continually contending that this money was at the18 end of the rainbow?19 A. These are the people I lined up Mr. Lawlor and brought in to invest in Ireland.11:35:3420 Q. 54 Is Grosvenor --21 A. Hammerson was there before them. Amongst a number of other people, like22 Arlington Securities and there was a number of pension funds who also23 participated with those developers.24 Q. 55 I just have to ask you do you agree with me, Grosvenor Developers are11:35:5625 developers not institutional, not pension fund. Do you agree that they are26 developers?27 A. Yes, so is British Land and is Heron, who built the Cork centre, and so is28 Hammerson who was one of the contenders for Quarryvale. And with them came29 quite a substantial number of major institutions, all lined up by me and11:36:2430 brought in to invest in Ireland.Premier Captioning & Realtime Limitedwww.pcr.ie Day 474