David Stanton (Cork East, Fine Gael)
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Question 107: To ask the Minister for Enterprise, Trade and Innovation the role his Department had in the recent reported acquisition by the State of a site (details supplied) in County Cork; the details of any such transaction; the future plans for the site; and if he will make a statement on the matter. [36429/10]

Batt 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. Amgen subsequently concluded that it no longer wishes to proceed with the project. In keeping with the terms of the 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.