Industrial Development

Dáil Éireann Debate, Wednesday - 16 February 2022

Wednesday, 16 February 2022

Questions (47)

Martin Browne

Question:

47. Deputy Martin Browne asked the Tánaiste and Minister for Enterprise, Trade and Employment his views on the way IDA Ireland is receiving a nominal annual ground rent of just €25.39 per year for a property at Knockanrawley in Tipperary town, which was vacated by a company (details supplied) that dissolved in 2016; if he will confirm the person who is paying the annual ground rent; the business that is currently being conducted from the building in question; if the business is a client of IDA Ireland; and if he will make a statement on the matter. [8683/22]

Written answers

Tánaiste and Minister for Enterprise, Trade and Employment

The IDA landbank in Tipperary town, Knockanrawley, zoned Industrial & Economic under the current Tipperary Town & Environs Development Plan, has supported employment creation in Tipperary town with the sale of individual sites to clients under a 999-year leasehold contract.

Within the 999-year lease there is a covenant for the payment of ground rent, which is a nominal sum due and payable by the leaseholder, which is a reminder to leaseholders of the obligations they agree to upon entering into a 999-year lease.  

The IDA continues to hold a freehold interest in the property referred to by the Deputy.  In line with the terms of the lease, the IDA charges the ground rent of €25.39 per year on this property which aligns with the lease agreed by both parties on 26th October 1998.  I understand that discussions in relation to this property are ongoing and it would not be appropriate to comment further at this time.