Michael Ring (Mayo, Fine Gael)
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Question 197: To ask the Tánaiste and Minister for Enterprise, Trade and Employment the position regarding a factory (details supplied) in County Mayo; if this property has been sold; if so, the price received and the use to which these funds have been put; and the amount the IDA paid the property owner to obtain an early lease buyout. [35492/08]

Mary Coughlan (Donegal South West, 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.

I have been informed by IDA that this property was surrendered to its owner on the 11 September, 2006. For commercial reasons, and in order to protect IDA's negotiating position in relation to any similar properties, it is not appropriate for information on the commercial terms agreed by the Agency with the owner regarding the termination the lease to be divulged.