Written answers
Tuesday, 30 June 2020
Department of Jobs, Enterprise and Innovation
IDA Ireland
Martin Browne (Tipperary, Sinn Fein)
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354. To ask the Minister for Jobs, Enterprise and Innovation if his attention has been drawn to the case of an IDA property (details supplied) in County Tipperary which has been left idle for a number of years with no effort to bring to market by the IDA; his views on whether the IDA has some responsibility for the future of the site in view of the fact as a leasehold property the IDA still holds the title on the land; and if he will make a statement on the matter. [13301/20]
Leo Varadkar (Dublin West, Fine Gael)
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I understand that the Deputy is referring to a site that was sold - on the basis of a 999-year lease - by IDA Ireland to Continental Promotion International Limited in 1998. The company subsequently constructed a building on the site before it was dissolved in January 2016. The IDA retain the underlying residual freehold title of this site which attracts a nominal annual ground rent.
I have been informed by the Agency that the site is being actively marketed to prospective investors. I also understand, from the IDA, that there are no dealings showing as pending against the property and no notifications of a claim have been received by the Property Registration Authority of Ireland.
More broadly, the outlook for foreign direct investment remains positive in County Tipperary with over 100 net new jobs added by IDA client companies in 2019. I am determined, together with the IDA, to attract further investment there in the time ahead, particularly as we seek to recover from the economic impact of COVID-19.
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