Dáil Éireann - Volume 679 - 02 April, 2009

Written Answers. - IDA Property.

Deputy John Deasy Deputy John Deasy

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]

Deputy Mary Coughlan Deputy Mary Coughlan

593

  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.

Dáil Éireann 679 Written Answers. IDA Property.

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