Oireachtas Joint and Select Committees

Tuesday, 27 November 2012

Select Committee on Jobs, Enterprise and Innovation

Estimates for Public Services 2012
Vote 32 - Department of Jobs, Enterprise and Innovation (Supplementary)

4:10 pm

Photo of Richard BrutonRichard Bruton (Dublin North Central, Fine Gael) | Oireachtas source

If the Deputy cares to submit the details of the company concerned, I certainly will look into that. The other question was on property costs involved. Essentially, the IDA is the property manager for all the enterprise agencies and there are contractual obligations. Obviously, it manages property and at times, albeit much less frequently, acquires property. It is obliged to honour some contracts but because they involve individual companies I cannot go into the details. However, it sometimes makes decisions that involve making commitments. I understand that I am not at liberty to talk about individual companies and contracts that might have been entered into. Essentially, however, it is dealing with its own clients, planning its advance property, as well as planning land and building acquisition. Obviously, it has a number of business parks. It is part of Ireland's competitive offering to have an active property portfolio in this area.

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