Oireachtas Joint and Select Committees

Thursday, 5 October 2017

Public Accounts Committee

IDA - Financial Statement 2016

9:00 am

Mr. Martin Shanahan:

We have a mixture of both. We both lease and sell properties. A lot of our property is on a 999-year lease, which means we maintain control of what can and cannot be done, particularly in our business parks. We want industrial development. If a company goes into liquidation or receivership, it really depends on the circumstances and what the legal covenant is. We would work with the liquidator.

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