IDA Portfolio

Dáil Éireann Debate, Tuesday - 19 February 2013

Tuesday, 19 February 2013

Ceisteanna (380)

Peadar Tóibín

Ceist:

380. Deputy Peadar Tóibín asked the Minister for Jobs, Enterprise and Innovation further to Parliamentary Question No. 102 of 6 February 2013, if he will detail the reduction in the number of leases held by the Industrial Development Agency for each year since 2009 to which the agency is the lessor; the number of leases surrendered due to business failure and the number of leases renewed for each year; and if he will outline any other reason for the reduction in the total number of leases. [8631/13]

Freagraí scríofa

Minister for Jobs, Enterprise and Innovation

I am informed by IDA Ireland that at the end of 2009, the total number of occupied property leases held by IDA Ireland to which the agency was lessor was 70. By the end of 2012 that figure stood at 50. The tabular statement shows the number of such leases held by IDA Ireland in each year of the four years 2009 to 2012.

I am informed by IDA Ireland the number of leases not renewed because of companies going out of business was 3 from 2009. There are a number of other reasons which account for the reduction in the number of leases held by IDA since 2009. For example, companies had short-term leases that facilitated storage only and once the storage was no longer required the lease was terminated; companies moved or consolidated their operations into alternative units; and, IDA Ireland sold a number of units or exited the Head Lease.

Table showing the Total Number of Buildings Occupied leases held by IDA Ireland for each year from 2009 to 2012 in which the Agency is the Lessor

Year End	Total Number of Buildings Occupied Leases
2009	70
2010	56
2011	54
2012	50