A €3.5 million development of 100,000 sq ft of industrial space in the Shannon Free Zone has been announced by Shannon Commercial Properties.
A Shannon Group plc company, Shannon Commercial Properties is on track to complete the €21 million first phase development of the Shannon Free Zone by the end of next year. The company has embarked on the development of a block of industrial buildings (Bay 37), formerly known as the Boart building, adjoining airport lands.
The site will be developed for office space, storage, distribution and warehousing. The project will be completed by May of next year and will support 70 jobs during construction.
This latest development adds to the ambitious programme that is delivering significant new advanced manufacturing, warehousing and office space solutions at the Shannon Free Zone to support the drive for inward investment into the region.
Ray O’Driscoll, CEO of Shannon Commercial Properties said, “This latest development is another project in what has been a very busy and successful year for Shannon Commercial Properties. Just over 12 months ago we announced our €21 million first phase programme for the redevelopment of the Shannon Free Zone and have already completed over €8 million worth of projects, with another €13 million set for completion in 2017.
“This latest commitment ensures we are on target to deliver our programme of creating international standard commercial and industrial space to support the current appetite for investment into this region.”