City Council moving to Mervue

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was worth €36m in early 2022

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Ya right - Commercial operators at the time were saying they didn't need as much space after two years of the "Working from home". Pandemic learnings!

It really really stinks considering it will be close to 5 years after buying that they will be moving into the building.

Depreciation. Seems like they jumped into the Commercial market to prop up prices in 2022.

Developer did well, allowed them to move to building the HOTEL next door - which is now open before the summer of 2025 has kicked off.

The valuation dropping doesn't really matter that much at this stage unless they are looking to sell, or am I missing something?

100%

If this kind of thing happened in Private Sector - heads would have rolled.

Buying a property and then NOT been in a position to use it for years is just daft.

Fair enough - but not enough coverage to lead to an appearance in front of the PAC or the ability of local representatives to get clear answers around what CBA was done at the time of making the decision to buy the property and move.
We are seeing some CBA's coming out in the news now saying a refit of existing offices would have been tens of millions - convenient - but what kind of CBA was done prior to recently………

The whole thing is a complete scandal.

Sometimes. But more often that not everyone just gets on with it.