Thursday 23 May 2019

IDA pays €7.5m for site near Intel Leixlip HQ

Land deals: IDA CEO Martin Shanahan
Land deals: IDA CEO Martin Shanahan

Gordon Deegan

The IDA last November paid out €7.5m for an 18-acre site at Collinstown, Leixlip, Co Kildare.

The payout is more than double the next highest amount that the IDA spent on any individual land purchase in 2018.

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Chip giant, Intel has its sprawling Irish HQ at Collinstown.

However, an IDA spokesman wouldn't be drawn on the reasons behind the purchase as the agency doesn't comment on current or potential client activity.

The purchase was made on November 14 last year and coincided with Intel drawing up plans for a new $4bn (€3.53bn) manufacturing fabrication (FAB) facility at the Leixlip site. That application for the potential $4bn investment is before Kildare County Council.

In a written Dáil response to Maurice Quinlivan, Business Minister Heather Humphreys confirmed that the IDA last February paid €3.44m for 69 acres at Gorteens and Kilmurray, Slieverue, Co Kilkenny. The IDA also paid €1.1m for lands at Loughbeg, Ringaskiddy, Cork last December.

In total, the IDA spent €16.7m on land and building purchases over 2017 and 2018.

Ms Humphreys also confirmed that the IDA paid out €5.14m in rent last year.

The payout includes €2.09m in rent for its HQ at Wilton Park House in Dublin.

The agency has a network of offices overseas and the figures show €505,477 was paid in rent for its New York office, where the IDA shares accommodation with another State agency and the Government.

Irish Independent

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