Written answers
Wednesday, 8 May 2019
Department of Jobs, Enterprise and Innovation
IDA Ireland Data
Maurice Quinlivan (Limerick City, Sinn Fein)
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563. To ask the Minister for Jobs, Enterprise and Innovation the land and property acquired by IDA Ireland in 2017 and 2018; the price paid for the land and property, in tabular form; and if she will make a statement on the matter. [19071/19]
Maurice Quinlivan (Limerick City, Sinn Fein)
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567. To ask the Minister for Jobs, Enterprise and Innovation the properties and land rented by IDA Ireland in 2018, in tabular form including overseas properties; the yearly rent paid per property; and if she will make a statement on the matter. [19076/19]
Heather Humphreys (Cavan-Monaghan, Fine Gael)
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I propose to take Questions Nos. 563 and 567 together.
It is important that the IDA has a supply of available properties that can be offered to firms considering making job-rich investments in Ireland, particularly for the regions. This helps diminish the lead-in time for potential investments and can be a key factor in securing projects for regional locations. The Agency works closely with city and county councils to ensure that any property acquisitions are in line with local area, county and city development plans.
When acquiring property, the IDA obtains independent valuations advice from an Agency-appointed property firm. This helps ensure the best outcome is achieved in terms of value for money.
Table A below details the properties acquired by IDA Ireland in 2017 and 2018 and the price paid in respect of each. Table B details the annual rent paid in 2018 by the IDA on non-Agency owned properties.
Table A: land and buildings acquired by IDA Ireland in 2017-2018 and price paid
| Holding No. | Location | Acquisition Completed Date | Consideration € | Type | Hectares Purchased |
|---|---|---|---|---|---|
| 94 | Land at Garrycastle Athlone Business & Technology (B&T) Park & Advanced Factory 4, Garrycastle Athlone B&T Park | 26/05/2017 | €1,987,750 | Land & Building | 1.46 |
| 2020 | Kerry Business & Technology Park | 14/09/2017 | 122,500 | Land | 1.0 |
| 267 | Private Finance (PF) Building 1 Kilbride, Arklow, Co. Wicklow | 08/01/2018 | 762,500 | Building | 0.5666 |
| 2036 | Lands at Gorteens and Kilmurray, Slieverue, Co Kilkenny | 14/02/2018 | 3,446,000 | Land | 27.89 |
| 2038 | Collinstown, Leixlip Co. Kildare | 14/11/2018 | 7,500,000 | Land | 7.40 |
| 239 | Unit 507 Waterford Industrial Estate | 20/12/2018 | 1,850,000 | Building | 0.6151 |
| 298 | Barnahealy, Loughbeg, Ringaskiddy, Cork | 20/12/2018 | 1,100,000 | Land | 8.28 |
| Total | 16,768,750 |
Table B: Rent paid by IDA Ireland on non-Agency owned properties in 2018
| Location | Annual Rent € |
|---|---|
| Wilton Park House, Dublin | 2,094,937 |
| Athlone | 185,231 |
| Cavan | 11,377 |
| Limerick | 33,000 |
| Sligo | 97,133 |
| Frankfurt | 97,302 |
| London* | 315,814 |
| Paris* | 44,200 |
| Atlanta | 59,332 |
| Boston | 70,852 |
| Chicago | 118,033 |
| Irvine County | 75,212 |
| Mountainview | 179,199 |
| New York* | 505,477 |
| Austin * | 37,091 |
| Toronto | 1,639 |
| Mumbai | 189,694 |
| Shanghai * | 115,099 |
| Shenzhen | 47,383 |
| Beijing * | 50,644 |
| Tokyo* | 110,422 |
| Seoul * | 27,189 |
| Singapore * | 33,217 |
| Sydney* | 32,791 |
| Private Finance Lease Properties** | 616,851 |
| Total | 5,149,119 |
*Shared accommodation with another State Agency or Irish Government.
**IDA Ireland leases a number of properties from third parties. The Agency receives rental income, by way of sub-leases, on a number of these properties. The figure shown in the table is the net figure when the rent paid by the IDA is offset by rental income received.
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