Wexford County Council has agreed to sell the long term leasehold interest in two sites at Enniscorthy Technology Park at Killagoley.
The matter was brought before the attention of Enniscorthy Municipal District Council at their monthly meeting yesterday in County Hall.
The land in question was acquired from the Health Service Executive at a cost of €18,000 per acre and at yesterday's meeting the local authority members agreed to sell the long term leasehold to Moyne Point Ltd, a company with an address at Brownswood, Enniscorthy.
Site one measures 3,477 acres, and is to be sold to the development company for €288,040, by way of a lease for 500 years at a nominal rent of €1 per annum.
Moyne Point Ltd will also have the option to purchase site two, which measures 2.96 acres, for €205,484.
However, .445 acres of the site one and .797 acres of site two will be dedicated to the construction of construction site stabilising retaining walls.
The purchaser is to use the site to construct a modern, business technology unit in accordance with planning permission and the purchaser will hold the option to purchase site two which measures 2.96 acres, of which .797 acres will be dedicated to the construction of a site stabilising retaining wall.
At yesterdays meeting Director of Services, Tony Larkin, informed the members that he expects construction to begin at the park later this summer.
The members were also informed that negotiations are also at an advanced stage with another company to take site three; the park currently is divided into seven sites.
'This is a great development, said Mr Larkin.
'The fact that a company is willing to invest millions on offices in the new Tech Park is a great boost for Enniscorthy,' he added.
The Cathaoirleach of Enniscorthy Municipal District Council, Cllr Barbara-Anne Murphy, also welcomed the move and emphasised that the Enniscorthy building will be 'the first passive office building on the island of Ireland'.