Since the closure in 1996 of Neodata's Newcastle West operation, IDA Ireland has been endeavouring, without success, to attract new industry to the town and has actively marketed these premises to potential overseas investors.
Neodata have advised IDA Ireland that negotiations are at an advanced stage with a purchaser for its premises in Newcastle West. The company expect to complete the transaction within the next month.
Pending finalisation of the negotiations. Neodata does not wish to reveal the name of the purchaser or the nature of the business in which they are involved. In the absence of such information, I am unable to give the Deputy the assurances he seeks in regard to the intended purpose of the purchaser for the premises.