I propose to take Questions Nos. 314 to 318, inclusive, together.
IDA Ireland sold a site at IDA Greystones Business Technology Park, Greystones, County Wicklow under a 999-year lease dated 21st April 2022 to Greystones Media Campus Owner Ltd. The site was sold pursuant to the IDA’s power of sale under the Industrial Development Acts. The use of the lands is restricted to manufacturing and/or internationally traded services and purposes ancillary thereto as specified in the Industrial Development (Service Industries) Order 2010.
The 999-year lease contains a development obligation on the part of the tenant and IDA Ireland remains engaged with the company regarding their proposed development of the site. Importantly, the company secured a 10-year planning permission for a film studio media campus from Wicklow County Council (Planning Ref 20620) in 2020.
IDA Ireland is not party to any funding or investment agreement with ISIF in respect of Greystones Media Campus and I have no function in this regard.