Ciarán Lynch (Cork South Central, Labour)
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Question 674: To ask the Minister for Enterprise, Trade and Employment if he will confirm that an agreement was reached, and when it was reached, for the IDA to purchase the site in east Cork from a company (details supplied); if, after three years, the company has decided not to locate on the site; the details of this agreement; the amount of the expected loss involved; and if he will make a statement on the matter. [2261/08]

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 and it is not a matter in which I have a function.

For reasons of client confidentiality IDA Ireland does not comment on agreements, which it reaches with individual client companies. In the circumstances, I am sure you will appreciate that it would not be appropriate for me to comment further on this matter.