New €8m office block for Shannon Free Zone

New €8m office block for Shannon Free Zone

The proposed new facility and below, Ray O’Driscoll at the Shannon Free Zone site

A NEW 55,000 square foot office block is to be built at the Shannon Free Zone at a cost of €8m.

Shannon Group’s property wing Shannon Commercial Properties is seeking planning permission to construct the new office block at the airport entrance to the industrial estate.

The firm is investing €8m on this project, which comes as part of a wider five-year redevelopment programme worth some €21m.

Demolition of three former manufacturing buildings extending to 300,000 square feet has already taken place.

The new office block can be used for large single-tenancy requirements or subdivided for multiple tenancies. Construction on the state-of-the-art office centre is expected to begin in September, with a target completion date of September 2017.

It is the largest investment project and the first major new office block by the company as part of its wider five-year €21 million redevelopment programme at the Shannon Free Zone and is part of a drive to provide new facilities capable of attracting major investment and jobs to the region.

“Subject to planning permission, the commencement of works in September on the new facility  will create a suite of office accommodation capable of attracting major investment and jobs to the region,” said Shannon Commercial Properties CEO Ray O’Driscoll.

“This is a very competitive market and we are stepping up to the plate to make sure that the Shannon Free Zone and wider Mid-West region is equipped for the challenge. Our new and refurbished units will strengthen the hand of the development agencies to attract major investment into the region.”

Acting Shannon Group CEO Mary Considine said the “major reinvestment programme in our property portfolio and the commencement of our this new build in September” was a priority for the group.

“This type of investment is an absolute imperative as we must have cutting edge facilities in place if we are going to attract multi-national and domestic investment,” she said.

The procurement and tendering process for appointing the main contractor will begin next month.