The management of IDA Ireland's industrial property portfolio, including the purchase and disposal of property, is a day-to-day operational matter for the Agency as part of the statutory responsibility assigned to it by the Oireachtas and not a matter in which I have any function.
I understand that IDA Ireland is engaged in ongoing negotiations with Cork County Council regarding the sale of a number of plots of land and the plot in Kanturk is part of this overall sale. For a variety of reasons, including the issues of title and responsibility for services to the land, the discussions over this site took longer than anticipated.
The matter has finally been agreed in principle between the two parties and, in line with agreed procedures, IDA will shortly seek the approval of the Board's Property Sub Committee for the sale of these lands. This approval is expected to be in place by the end of February 2007.