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Public Accounts Committee: 2013 Annual Accounts of Shannon Free Airport Development Company (9 Oct 2014)

Kieran O'Donnell: Where does Mr. O’Driscoll see the challenges and pitfalls for the old Shannon Development in the future?

Public Accounts Committee: 2013 Annual Accounts of Shannon Free Airport Development Company (9 Oct 2014)

Kieran O'Donnell: There was rental income of €11 million in 2013. Are many tenants not paying rent? What is the tenant profile?

Public Accounts Committee: 2013 Annual Accounts of Shannon Free Airport Development Company (9 Oct 2014)

Kieran O'Donnell: What is the general financial state of Shannon Commercial Enterprises in terms of the 2014 balance sheet? Is the company healthy?

Public Accounts Committee: 2013 Annual Accounts of Shannon Free Airport Development Company (9 Oct 2014)

Kieran O'Donnell: How much cash does the company hold?

Public Accounts Committee: 2013 Annual Accounts of Shannon Free Airport Development Company (9 Oct 2014)

Kieran O'Donnell: Does Mr. McGarry envisage the company borrowing to do that or will it be done from within existing resources? What is the plan in terms of reinvestment?

Public Accounts Committee: 2013 Annual Accounts of Shannon Free Airport Development Company (9 Oct 2014)

Kieran O'Donnell: Have any requests been made for departmental funding?

Public Accounts Committee: 2013 Annual Accounts of Shannon Free Airport Development Company (9 Oct 2014)

Kieran O'Donnell: I have one final question for Mr. Pakey. Could he give a general outline of where the company is at and what he envisages for the future of Shannon Airport? Shannon Development has a large property portfolio. How does he see it integrating in terms of the normal commercial activity in terms of passengers using the airport?

Public Accounts Committee: 2013 Annual Accounts of Shannon Free Airport Development Company (9 Oct 2014)

Kieran O'Donnell: I thank Mr. Pakey.

Public Accounts Committee: 2013 Annual Accounts of Shannon Free Airport Development Company (9 Oct 2014)

Kieran O'Donnell: I welcome Mr. Pakey and his colleagues. I compliment his team on what is being done in Shannon Airport, the new group and the success to date with Shannon. That is very positive for Shannon and more particularly for the region. I represent the Limerick City constituency and such success is very important to us. On the agency's property portfolio, it appears that, effectively, 60% of the...

Public Accounts Committee: 2013 Annual Accounts of Shannon Free Airport Development Company (9 Oct 2014)

Kieran O'Donnell: Is there any differentiation between the occupancy rates between the various locations?

Public Accounts Committee: 2013 Annual Accounts of Shannon Free Airport Development Company (9 Oct 2014)

Kieran O'Donnell: Will Mr. O'Driscoll indicate the agency's strategy is in terms of necessary investments to get a perspective on it?

Public Accounts Committee: 2013 Annual Accounts of Shannon Free Airport Development Company (9 Oct 2014)

Kieran O'Donnell: Of what order would that be?

Public Accounts Committee: 2013 Annual Accounts of Shannon Free Airport Development Company (9 Oct 2014)

Kieran O'Donnell: Is the National Technology Park included in those?

Public Accounts Committee: 2013 Annual Accounts of Shannon Free Airport Development Company (9 Oct 2014)

Kieran O'Donnell: Has the National Technology Park in Castletroy now gone to IDA Ireland or does the agency still retain it?

Public Accounts Committee: 2013 Annual Accounts of Shannon Free Airport Development Company (9 Oct 2014)

Kieran O'Donnell: All of that?

Public Accounts Committee: 2013 Annual Accounts of Shannon Free Airport Development Company (9 Oct 2014)

Kieran O'Donnell: Okay, it is the lands in the portfolio that would have gone to the IDA. Am I correct on that?

Public Accounts Committee: 2013 Annual Accounts of Shannon Free Airport Development Company (9 Oct 2014)

Kieran O'Donnell: The agency continues to hold properties both in-----

Public Accounts Committee: 2013 Annual Accounts of Shannon Free Airport Development Company (9 Oct 2014)

Kieran O'Donnell: -----Raheen and in Plassey.

Public Accounts Committee: 2013 Annual Accounts of Shannon Free Airport Development Company (9 Oct 2014)

Kieran O'Donnell: Is it the agency's intention to dispose of them, invest in them or that they would be directed specific types of industry because obviously it is hugely important for the region? I expect that the agency is the largest holder of property in the region?

Public Accounts Committee: 2013 Annual Accounts of Shannon Free Airport Development Company (9 Oct 2014)

Kieran O'Donnell: Okay.

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