IDA Portfolio

Dáil Éireann Debate, Tuesday - 5 March 2013

Tuesday, 5 March 2013

Questions (257)

John Halligan

Question:

257. Deputy John Halligan asked the Minister for Jobs, Enterprise and Innovation the number of vacant properties currently being leased by the Industrial Development Agency in Waterford city; the number being leased in County Waterford; if he will identify the location of each of those properties; if he will further state the timeframe each property has been lying idle; if he will provide details of the outstanding balance payable on each of those leases; and if he will make a statement on the matter. [11290/13]

Written answers

Minister for Jobs, Enterprise and Innovation

Under legislation the management of IDA’s property function is a day to day operational matter for the Agency and not one in which I have a function. I am informed by IDA that at present the Agency has seven leased properties in Co Waterford, all of which are located in the Johnstown Industrial Estate. Of these seven properties only one is occupied. Of the remaining six unoccupied units, one unit has been vacant since 1998, two have been vacant since 1999, two have been vacant since 2000, and one has been vacant since 2001. The total outstanding balance payable on these leases to the end of their terms is approximately €1m. The Agency has assured me that it continually promotes and markets these properties to overseas clients wishing to invest in Co. Waterford.