Oireachtas Joint and Select Committees
Thursday, 5 October 2017
Public Accounts Committee
IDA - Financial Statement 2016
9:00 am
Mr. Martin Shanahan:
The IDA has a property portfolio in order that we can market it to clients. As the Deputy points out, we own land throughout the country and that is for marketing purposes. Some of it, frankly, is more attractive that others. Where we have acquired land, it is obviously because we believe there is a possibility of marketing it and actually getting a result out of it. Some of it is developed and some of it is not developed. It changes from time to time. I am interested in this area. It is not a static portfolio. Our ambition always is to move land on and to move buildings on and to sell it to clients.
In answer to the Deputy's question as to whether it is valued, it is absolutely valued. It is valued every six months. I do not have the exact valuation of the land to hand but we can provide that to the Deputy.
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