Written answers

Tuesday, 6 July 2010

Department of Enterprise, Trade and Innovation

Industrial Properties

10:00 am

Photo of Seán SherlockSeán Sherlock (Cork East, Labour)
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Question 113: To ask the Minister for Enterprise, Trade and Innovation the position regarding a site (details supplied) in County Cork; and if he will make a statement on the matter. [29604/10]

Photo of Batt O'KeeffeBatt O'Keeffe (Cork North West, Fianna Fail)
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In 2005, IDA Ireland identified a site of approximately 54 hectares of land in Carrigtwohill East as suitable for development and acquired it. Amgen subsequently entered into contracts to purchase the entire holding from IDA and, in 2006, applied for Planning Permission for a Bulk Manufacturing facility and associated works. Site ground works commenced in late 2006. The terms of the agreement, between IDA and Amgen included a provision for the reversion of the beneficial interest in the site to IDA in the event of the project not proceeding and this occurred formally in January 2010.

In October, 2007, Amgen announced a postponement of its Cork Project. At that time Amgen gave an undertaking to maintain the site in a good secure manner in order to protect the asset and maintain good local community relations. An assessment of its business needs has led Amgen to conclude that it no longer wishes to proceed with the project. In keeping with the terms of the original agreement, ownership of the Carrigtwohill site has now reverted to IDA Ireland. IDA Ireland will continue to market this Strategic Site and the Cork City Gateway. Since 2007 there have been 35 IDA supported announcements with in excess of 3,000 jobs and over €728 million total investments agreed and announced for the South West.

Photo of Seán SherlockSeán Sherlock (Cork East, Labour)
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Question 114: To ask the Minister for Enterprise, Trade and Innovation his plans for the vacant Industrial Development Authority units in Youghal, County Cork; and if he will make a statement on the matter. [30072/10]

Photo of Batt O'KeeffeBatt O'Keeffe (Cork North West, Fianna Fail)
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The day-to-day management of IDA Ireland's industrial property portfolio is an operational matter for the agency and not one in which I have a function. I am informed by IDA Ireland that the Agency has two industrial estates in Youghal, namely Foxhole and Springfield. There are no buildings in IDA ownership in either estate. There was one building in IDA ownership on the Foxhole estate, which was disposed of by the agency in 2009. There were two advance units on the Springfield estate, which IDA disposed of in 1987 and 1996 respectively. IDA Ireland will continue to provide details of the properties in Youghal to prospective investors, however the final decision as to where to locate lies with the investor.

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