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Tag Archives: Ray O’Driscoll

€21m to bring Free Zone into 21st Century

MANY of the buildings in Shannon Free Zone were built decades ago and are in poor shape but with €21 million to be invested in the next 24 months and more to follow, Shannon Group says it will soon be far more suited to the needs of 21st Century industry. Demolition work on some of the old stock begun this week and Shannon Group says the project will significantly strengthen the hand of development agencies in attracting major investment. The agency says the €21m first phase of the redevelopment will take place over the next two years and will support more than 250 construction-related jobs, including the redevelopment of a 12 acre site. As part of the initial phase, two projects have been planned at a combined cost of in excess of €10 million. These include a 40,000ft² Grade A office block and a 30,000ft² advance technology manufacturing unit. Work on the 12 acre site commenced with the demolition of …

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