€500m to be invested in Limerick development programme

This is the biggest development project that the country has seen outside of Dublin

€500m to be invested in Limerick development programme

Niall Carson / PA / Crowds watch as performers from the French arts group Royal de Luxe take to the streets of Limerick

An investment programme for Limerick with the potential to create more than 5,000 jobs has been unveiled.

The Limerick Twenty Thirty Strategic Development Designated Activity Company is the biggest commercial property development programme undertaken in Ireland, outside of the capital.

Its first task is to deliver investments worth more than €500m in infrastructure across four strategic sites in Limerick City.

They are:

  • The 112,000 sq ft Gardens International Office on Henry Street
  • 550,000sq ft Opera Site  at Rutland Street
  • Cleeves Riverside Campus on the banks of the River Shannon at Fernhill comprising 8 acres and 100,000 sq ft of existing space
  • The 340,000 sq ft Troy Studios Film Hub in Castletroy, where an €8m fit out is nearing completion ahead of the commencement of production

Denis Brosnan is the Executive Chairman of the Limerick Twenty Thirty company - "Limerick has embarked on a remarkable journey since 2009 when I was asked to Chair the Mid West Task Force on Job Creation.  Today, with the launch of the Limerick Twenty Thirty Company, it steps onto a new platform," he commented.

Minister of State for Tourism and Sport Patrick O’Donovan said: "The establishment of the Limerick Twenty Thirty company to create world-class commercial, retail, enterprise, and education facilities, as well as residential space, will take Limerick – a city already on the up – to new heights.  The fact that it is plan-led, as distinct from developer-led, will mean the city and county are planned strategically and that the infrastructure and investment is exactly what Limerick needs."

 

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