John Perry (Sligo-Leitrim, Fine Gael)
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Question 683: To ask the Minister for Enterprise, Trade and Employment when a decision will be made on a sale of a property from the IDA to a company (details supplied) in County Sligo; and if he will make a statement on the matter. [25805/05]

Micheál Martin (Cork South Central, Fianna Fail)
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The management of IDA Ireland's industrial property portfolio is a day to day operational matter for the agency as part of the statutory responsibility assigned to it by the Oireachtas. While I may give general policy directives to IDA Ireland, I am precluded under the Acts from giving directives regarding individual undertakings.

All IDA Ireland lands are sold on the basis of commercial valuation in line with public sector guidelines and subject to IDA board approval. I understand that IDA Ireland's property division is in advanced negotiations with Collooney Community Enterprise Ltd. on a possible site sale in IDA's Collooney industrial estate, County Sligo. The site in question has now been valued and IDA's property division will revert to the company this week with a letter outlining the proposed terms and conditions of sale.