Dáil Éireann Debate, Tuesday - 18 December 2012
300. Deputy Michelle Mulherin asked the Minister for Jobs, Enterprise and Innovation the amount of rental income accrued for each of the past five years form the properties in the ownership of Shannon Development which are to be transferred to the new company to be formed with Shannon Airport [56962/12]
View answerThe total rental income accrued from properties in the ownership of Shannon Development and its subsidiaries for the past five years is as follows:
|
2007 |
2008 |
2009 |
2010 |
2011 |
|
€15.142m |
€14.632m |
€12.270m |
€11.161m |
€9.996m |
The recent Government announcement on the future of Shannon Airport and Shannon Development confirmed the Government’s earlier decision in principle to merge both organisations to form a new, State owned, commercial entity which will exploit the assets of both organisations for the development of strategic sectoral opportunities, particularly within the aviation sector, including the creation of an international aviation centre of excellence at Shannon Airport. In accordance with this decision, Shannon Development’s land bank will transfer to this new entity.
