Oireachtas Joint and Select Committees

Thursday, 9 October 2014

Public Accounts Committee

2013 Annual Accounts of Shannon Free Airport Development Company

12:35 pm

Mr. Ray O'Driscoll:

We can provide that information, but we do not have it to hand. We need to understand many of these properties were built in the 1960s, 1970s and 1980s when Shannon Development had a regional development remit. They were built in locations where one might not necessarily have built if one had had a purely commercial mandate. In addition, a number of blocks in the Shannon Free Zone which was a very successful business park in those decades now require demolition and an upgrade. Our focus is on using the resources we have available to evaluate the portfolio, redevelop and upgrade buildings that can be upgraded, knock buildings that cannot be and build new properties. We aim to work with the IDA Ireland and Enterprise Ireland in identifying the properties we should build in order that we can enable employment creation in the locality. That is very much our focus.

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