The Oireachtas Banking Inquiry will tomorrow conclude its context hearings when it will hear from John Moran, Jones Lange LaSalle and Marie Hunt, CBRE on Issues relating to the nature and functioning of the commercial real estate market in the period prior to 2008.

Chairman Ciaran Lynch said, “Tomorrow we will complete our Context Phase hearings when we will address issues relating to the nature and functioning of the commercial real estate market in the period prior to 2008 in the context of the Banking Crisis in Ireland.

The Committee will hear from John Moran, an International Director of Jones Lang LaSalle and Managing Director of Jones Lang LaSalle Ireland, and Marie Hunt, Executive Director and Head of Research at commercial real estate services company CBRE.

Specifically, the Committee will address a number of issues, including the size and nature of the real estate market in Ireland; in general terms, the clients and types of services provided by the two companies in the context of the commercial real estate market in Ireland; sources and extent of funding of the commercial real estate market in Ireland; the composition of investors in the Irish commercial real estate market; inter-relationships of international commercial real estate markets, including assets and investors; the nature and impacts of advisory services provided to participants in the commercial real estate market; and the understanding of risk among advisors and participants in commercial real estate markets in the period prior to the banking crisis.”

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