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IDA IRELAND PROPERTY STRATEGY Paul Cronin October 11 th 2007.

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Presentation on theme: "IDA IRELAND PROPERTY STRATEGY Paul Cronin October 11 th 2007."— Presentation transcript:

1 IDA IRELAND PROPERTY STRATEGY Paul Cronin October 11 th 2007

2 Ireland 4 million people Member of EU 12.5% Corporation Tax Highly skilled workforce 4.4% GDP Growth in ,050 FDI companies

3 IDA Ireland Irish Investment & Development Agency Established in 1969 Attracts new investment from overseas Encourages expansions

4 One Stop Shop Only Agency for FDI Only FDI Own Budget – approves and gives grants Owns Business Parks Advocate for FDI client for all issues

5 IDA IRELAND Property Division

6 Property Evolution 60s-70s Land transferred from Local Authorities to IDA. Industrial Estates & Buildings owned and managed by IDA. 60s-90s 2 hectares Sites, 4,000 sq m² Factory 80s PPP for 110 Factories 90s Office Buildings for Service Sector, IFSC Quality Environment with Landscaping Infrastructure to World Class Standard. Strategic Differentiator.

7 CURRENT ACTIVITIES ACQUISITION Freehold DISPOSAL Leasehold Freehold DEVELOPMENT Leasehold -Land Owners -Local Authority -NRA, Irish Rail -State Agencies e.g. Teagasc -Estate Agents -Consultants -Local Authority -Consultants Engineers & Architects -Contractors -NRA EPA -Bord Gais -ESB -Private Developers -FDI Clients - Irish Clients -Open Market -Local Authority

8 IDA Flagship Business Parks - The evolution, current and future status

9 IDAs Flagship Business Parks Letterkenny Sligo Castlebar Westport Galway Tuam Cavan Navan Arklow Wexford Cork/Kilbarry Fermoy Clonmel Carlow Kilkenny Portlaoise Tullamore Athlone Mullingar Ballinasloe Roscommon 25 IDA Flagship Business Parks Located in line with National Spatial Strategy 350 Hectares Available Rolling Replacement

10 Ballybrit Galway – the Industrial Estate of the early 70s

11 Carlow Business & Technology Park - Flexible building propositions located on a World Class Business & Technology Park

12 Defining The Integrated Park Concept

13 Keeping Ireland as a a world class location for Pharmaceuticals & Bio Technology

14 Pharmaceutical Industry Overview 48% market share in BCI Consulting 9 of the top 10 Pharma companies in Ireland 33bn + in Pharmaceutical Exports 19,500 Employees 6/10 Blockbusters Excellent regulatory record 32 FDA approved plants Largest contributor of corporation tax

15 Worlds Leading Companies in Ireland

16 Zoned Land > 30 hectares Proximity to Road, Air, Rail, Ports Water Supply > 2,000,000 Litres Per Day Direct Access to Waste Water Treatment Natural Gas High Pressure Connection Electricity > 15/20 mva Strategic Site Initiative

17 Waterford Belview Knockhouse Dublin Blanchardstown Grangecastle Galway Oranmore Athenry Dundalk Mullagharlin Cork Ringaskiddy Carrigtwohill Galway Cork Waterford Dublin Dundalk Strategic Sites

18 Dublin Blanchardstown College Business Park 44.5 ha in IDA Control Full Infrastructure Availability Grangecastle 120 ha in Public Ownership Full Infrastructure Availability Advance Planning for Wafer Fab Grangecastle College BP

19 Key Stakeholder Relationships Key Personnel Client Liaison Itinerary Attendance Industry Needs Strategic Vision TEAM IRELAND

20 Oranmore Site LAND c.27 Hectares WATER 2272 m³ per day POWERUp to 25 Mw GAS5000m 3 hr available EFFLUENT Municipal plant with 2272m3 hyd capacity & 4000 p.e.* organic capacity (* p.e. = Population Equivalent)

21 The Worlds first Pre – Permitted BioPharma Facility Pre-permitted shell allows immediate start on site with known conditions and neighbour interfaces. Flexible generic manufacturing buildings allows internal re-configuration to any client requirements without recourse to planning authority Phasing of project allows huge manufacturing and scale flexibility. Site serviced with large scale utilities and known environmental thresholds.

22 Galway City Context

23 Oranmore Site Master Planning

24 Potential Scope of Project and Phasing Possibilities

25 IDA Oranmore Galway - Biotech Campus

26 Thank You

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