The progress to date, 8th December 2019, in implementing the voluntary contribution of the Congregation of the Sisters of Mercy to the State is summarised as follows:

The sum of €20 million in cash offered in 2009 was punctually paid. Moreover, because the Statutory Fund for former residents had yet to be established, the Congregation, as a voluntary gesture, placed the sums which had been offered on deposit pending such establishment. It then donated to the Statutory Fund the accrued interest of €930,993.75.

The Congregation committed to transfer 16 properties to the voluntary sector with a combined estimated value in December 2009 of €15,060,000. 14 of these properties, with a December 2009 estimated value of €14,960,000, have been transferred. One of the properties has been declined by the intended recipient. The transfer of the last property requires agreement with the State.

The Congregation also committed to sell 17 properties on the open market and to donate the proceeds of sale to the Statutory Fund.  15 of these property transfers are complete and the sales proceeds of €5,390,692.30 have been donated to the Statutory Fund. The transfer of the final two properties is very close to conclusion.

The Congregation committed to transfer to the State 17 properties with a December 2009 estimated value of €80,856,800. As of this date, 16 of these transfers are complete. The final property is ready for transfer, requiring agreement with the State – this property is also referenced in paragraph 2 above.

The Congregation is continuing to do all in its power to complete the outstanding property transactions that arise under the Contribution Document.

December 2019