CBRE presented evidence to the Bord Pleanala Oral Hearing in April 2007. CBRE was paid to present this evidence - a property report- by the promoters of the Poolbeg Incinerator. It appears to be a fairytale, consistent with Big Lie spin:
- Hard facts are missing,
- DCC obstructs access to data,
- CBRE's charts are highly misleading (as a professional researcher would know).
In August 2008 Senator Shane Ross reported (see blue text below) a significant link between CBRE and Fianna Fail. This begs the question: Is CBRE also a member of the Galway Tent? Feel free to email any insights or corrections to galwaytent@gmail.com
CBRE And Fianna Fail
- Peter Malone chairs property company, CBRE Gunne.
CBRE Chairman Peter Malone ticks a few appropriate boxes. He is a well-known hotelier -- not an engineer -- and was the boss of Jurys; but Peter is also a favourite of politicians. Apart from being parachuted into the NRA chair by ministerial patronage, he has served as chairman of semi-state Bord na Mona, was a member of the review body on higher public sector remuneration and chairs property company, CBRE Gunne.
What is interesting about CBRE Gunne is that they gave Fianna Fail generous donations in 2004 and 2005. The NRA annual report tells you none of this.
Read more at “M50 directors unmasked” by Shane Ross, Sunday August 31 2008
Higher Public Sector Remuneration Review 2)
Phoenix Magazine comments challenge the credibility of the CBRE researcher - the professional who presented the property report under direction of the incinertor promoters.
" .. the players who peddled the property guff for so long - the banks, developers and estate agents - are in shock. At this point a special mention must go to the likes of Marie Hunt of CBRE ... "The Phoenix Magazine, Annual 2008, page 138.
The Big Lie, Dublin City Council, Dublin Bay Incinerator, Poolbeg Incinerator,
Another Fairytale Using CBRE Data?
ReplyDeleteJudge Peter Kelly, head of the Commercial Court, gave short shrift to developer Liam Carroll's "fanciful" scheme to turn a €1bn-plus loss into a €300m profit in three years.
...
The survival projections put forth, said Judge Kelly, were devoid of reality.
An Independent Accountants Report (IAR) furnished to the court was originally littered with inaccuracies, though later corrected.
The IAR, the backbone of any examinership application, was written by an accountant who acted as auditor to Carroll's companies.
Prepared in four days, the IAR contained trading projections crafted by the same captains of management that steered the ship onto the rocks.
Not only were the projections not independently assessed, but the two valuers -- CBRE and Hooke and McDonald -- who prepared the now seven-month-old valuations, had previously worked for Carroll's companies.
More: http://daftproperty.blogspot.com/2009/08/yet-another-fairytale.html