Tom Hayes (Tipperary South, Fine Gael)
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Question 259: To ask the Minister for Enterprise, Trade and Employment if he will provide a table for the amount his 62 vacant factories or units owned or leased cost each year including payment for freehold and leasehold titles as well as all other operating costs for these properties; and if he will lay this out as a table for each property. [28627/07]

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 and not one in which I have a function. However, I am informed that, at present, there are 27 vacant IDA-owned buildings and that, of the premises leased by IDA Ireland from private investors, 35 are vacant.

The cost associated with maintaining this portfolio consists principally of rent on the leased units, maintenance, repair and insurance. As the portfolio mix changes, with some becoming occupied while others become vacant, the cost of maintaining these properties varies over time. Furthermore, for reasons of commercial sensitivity, and in order to protect IDA's negotiating position in relation to its clients, it is not appropriate for information of this type to be released in respect of individual premises.

The availability of an adequate supply of serviced land and buildings is a key element of IDA Ireland's marketing strategy in the competition for mobile FDI.