Written Answers - IDA Property. Thursday, 2 April 2009

Dáil Eireann Debate Vol. 679 No. 3 Page of 177

  67.  Deputy John Deasy      asked the Tánaiste and Minister for Enterprise, Trade and Employment      the number of factories in the city and county of Waterford, on which the Industrial Development Authority has long-term lease agreements, that are empty; the cost to the State of long-term lease agreements for these premises; and if she will make a statement on the matter. [13948/09]

Tánaiste and Minister for Enterprise, Trade and Employment (Deputy Mary Coughlan):    The management of IDA Ireland’s industrial property portfolio is a day-to-day operational matter for the Agency, as part of the statutory responsibility assigned to it by the Oireachtas. The property function is for the most part self-financing with €3 million in Oireachtas funding proposed for 2009. I have been informed by IDA that, at present, there are six units in Waterford City and County on which the IDA has long-term lease agreements, and which are [593]currently available for promotion. The amount due on the balance of the leases of these 6 properties is €1.34 million. IDA Property Division continues to market these facilities to IDA and Enterprise Ireland clients and will endeavour to do so for the remainder of the lease period. In the event of these properties being occupied, there would no longer be a rental obligation.

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Last Updated: 07/10/2010 14:41:08

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