Dáil Éireann Debate, Wednesday - 1 June 2005
76 Mr. Penrose asked the Minister for Finance the position regarding the planned sale of State property announced; the property sold to date and the amount raised; the way in which the money used has been raised; the properties it is planned to sell during 2005; and if he will make a statement on the matter. [18286/05]
Amharc ar fhreagraMy reply to Parliamentary Question No. 62 of 27 April refers. In addition to the above, a site at Leighlinbridge Garda station was sold at auction for €165,000 on 22 April 2005 and Ballinskelligs former Garda station was also sold at auction on 10 May 2005 for €408,000. The Westgate site of 3.9 hectares at John's Road has also been disposed of as part of the OPW's transforming State assets programme. The majority of the site was sold for €79,263,000. The site was partly owned by Eircom. In order to maximise its value, a full planning approval was obtained for a mixed use scheme of apartments, shops, offices and a hotel. An agreement was also concluded for Eircom to build its corporate headquarters on the site. As a result of both transactions, the State has realised €44,916,500 from what was formerly an underused brownfield site.
