Monday, January 02, 2017

Breakdown: The 10 most valuable properties the Catholic Church handed over after Ryan Report


RELIGIOUS CONGREGATIONS STILL owe almost €15 million towards a fund set up to help people who experienced abuse in Irish institutions.

Caranua is an independent state body which was set up in 2012 to administer the €110 million special investment account opened by the National Treasury Management Agency to help survivors.

It pays for services and gives grants to people depending on their needs and circumstances.

This fund is separate to the redress scheme but people are only eligible if they went through the redress board or received court awards.

A spokesperson for Caranua told TheJournal.ie that there have been around 5,000 applications for help since being set up four years ago and around €58 million of the account has been used.

The Minister for Education and Skills Richard Bruton and gave a breakdown of contributions of €94.7 million as follows:

Religious congregations
(For a larger image of the above table, click here)

He added that €96.1 million in Ryan Report contributions have been lodged to the special investment account so far.

Property

In 2012, it was also agreed that 61 properties would be accepted from religious institutions subject to good and marketable title and agreed valuations.

Now, 14 years later 13 of the properties have still to be transferred from the religious orders.

Of the 48 properties that have been fully transferred, the top ten most valuable were listed as:
  1. Site at Merrion, Dublin 4                                                       €8,900,000
  2. Terenure Secondary School, Dublin 6                                €4,500,000
  3. Traveller Site at Blackrock, Co. Dublin                               €3,045,000
  4. St Teresa’s, Temple Hill, Blackrock, Co. Dublin               €3,045,000
  5. Two Properties at Tuam, Co. Galway                                  €3,020,000
  6. St Anne’s Secondary School, Dublin                                   €2,600,000
  7. 23 Parnell Square, Dublin 1                                                  € 1,270,000
  8. Holy Cross Gardens, Killarney, Co. Kerry                          € 1,270,000
  9. Goldenbridge Group Homes                                                 € 1,269,700
  10. Secondary School & Site, Ennistymon, Co. Clare             €    980,000
The Education Minister added that “work is continuing to finalise the arrangements in relation to the remaining properties”.

A full list of the properties transferred can be found here

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