Phil Hogan (Carlow-Kilkenny, Fine Gael)
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Question 172: To ask the Minister for Enterprise, Trade and Employment the details of the sale of an IDA advance factory (details supplied) in County Leitrim which took place in 2002; the price paid and the conditions attached; and if he will make a statement on the matter. [21392/05]

Micheál Martin (Cork South Central, Fianna Fail)
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The operation of the IDA industrial property portfolio is an operational issue for IDA Ireland and one in which I, as Minister for Enterprise, Trade and Employment, have no direct function.

I am informed by IDA that it approved the sale of the relevant building to BFN Foods for the sum of €190,460 on 8 April 2002 and the sale was closed on 30 September 2002 with standard leasehold conditions applying to such cases.

As part of the IDA marketing effort for this building, an attractive sale price was agreed by the board of IDA Ireland and put in place to attract new investment into the Drumshanbo area. This was offered to all projects considering purchasing the property. This building had been vacant for a number of years despite the best efforts of IDA Ireland to market it and no project was secured until the BFN project was negotiated.