Wednesday, 8 May 2019

Questions (563, 567)

Maurice Quinlivan

Question:

563. Deputy Maurice Quinlivan asked the Minister for Business, Enterprise and Innovation the land and property acquired by IDA Ireland in 2017 and 2018; the price paid for the land and property, in tabular form; and if she will make a statement on the matter. [19071/19]

View answer

Maurice Quinlivan

Question:

567. Deputy Maurice Quinlivan asked the Minister for Business, Enterprise and Innovation the properties and land rented by IDA Ireland in 2018, in tabular form including overseas properties; the yearly rent paid per property; and if she will make a statement on the matter. [19076/19]

View answer

Written answers (Question to Business)

I propose to take Questions Nos. 563 and 567 together.

It is important that the IDA has a supply of available properties that can be offered to firms considering making job-rich investments in Ireland, particularly for the regions. This helps diminish the lead-in time for potential investments and can be a key factor in securing projects for regional locations. The Agency works closely with city and county councils to ensure that any property acquisitions are in line with local area, county and city development plans.

When acquiring property, the IDA obtains independent valuations advice from an Agency-appointed property firm. This helps ensure the best outcome is achieved in terms of value for money.

Table A below details the properties acquired by IDA Ireland in 2017 and 2018 and the price paid in respect of each. Table B details the annual rent paid in 2018 by the IDA on non-Agency owned properties.

Table A: land and buildings acquired by IDA Ireland in 2017-2018 and price paid

Holding No.

Location

Acquisition Completed Date

Consideration €

Type

Hectares Purchased

94

Land at Garrycastle Athlone Business & Technology (B&T) Park & Advanced Factory 4, Garrycastle Athlone B&T Park

26/05/2017

€1,987,750

Land & Building

1.46

2020

Kerry Business & Technology Park

14/09/2017

122,500

Land

1.0

267

Private Finance (PF) Building 1 Kilbride, Arklow, Co. Wicklow

08/01/2018

762,500

Building

0.5666

2036

Lands at Gorteens and Kilmurray, Slieverue, Co Kilkenny

14/02/2018

3,446,000

Land

27.89

2038

Collinstown, Leixlip Co. Kildare

14/11/2018

7,500,000

Land

7.40

239

Unit 507 Waterford Industrial Estate

20/12/2018

1,850,000

Building

0.6151

298

Barnahealy, Loughbeg, Ringaskiddy, Cork

20/12/2018

1,100,000

Land

8.28

Total

16,768,750

Table B: Rent paid by IDA Ireland on non-Agency owned properties in 2018

Location

Annual Rent

Wilton Park House, Dublin

2,094,937

Athlone

185,231

Cavan

11,377

Limerick

33,000

Sligo

97,133

Frankfurt

97,302

London*

315,814

Paris*

44,200

Atlanta

59,332

Boston

70,852

Chicago

118,033

Irvine County

75,212

Mountainview

179,199

New York*

505,477

Austin *

37,091

Toronto

1,639

Mumbai

189,694

Shanghai *

115,099

Shenzhen

47,383

Beijing *

50,644

Tokyo*

110,422

Seoul *

27,189

Singapore *

33,217

Sydney*

32,791

Private Finance Lease Properties**

616,851

Total

5,149,119

*Shared accommodation with another State Agency or Irish Government.

**IDA Ireland leases a number of properties from third parties. The Agency receives rental income, by way of sub-leases, on a number of these properties. The figure shown in the table is the net figure when the rent paid by the IDA is offset by rental income received.