Departmental Agencies.

Dáil Éireann Debate, Wednesday - 26 September 2007

Wednesday, 26 September 2007

Ceisteanna (453)

Michael Ring

Ceist:

538 Deputy Michael Ring asked the Minister for Enterprise, Trade and Employment if the IDA have handed back an advance factory property (details supplied) in County Mayo to the property owners; if so, the amount paid by the IDA to exit the lease contract which was not due to expire until 2018; the amount paid to lease this property annually; if he will confirm the periods that the property was occupied; and if he will make a statement on the matter. [20482/07]

Freagraí scríofa

Minister for Enterprise, Trade and Employment (Deputy Micheál Martin)

The management of IDA Ireland's industrial property portfolio is a day-to-day operational matter for the Agency and not one in which I have a function.

I have been informed by IDA that this property was surrendered to its owner on the 11 September, 2006. For commercial reasons, and in order to protect IDA's negotiating position in relation to any similar properties, it is not appropriate for information on the commercial terms agreed by the Agency with the owner regarding the termination the lease to be divulged.