THE Shannon Airport Group has turned the sod on its latest €6 million commercial property development on the Shannon Campus.
The 40,000 sq. ft. research and development technology building will provide a turn-key facility for FDI (Foreign Direct Investment) or Irish enterprises.
It is the third major construction project to be undertaken this year by the Shannon Airport Group and is expected to generate up to 70 jobs during the construction phase.
Since the beginning of 2022, the Shannon Airport Group has committed €18 million to property development projects.
The new building will be located at the main entrance to the Shannon Free Zone, with direct access to the motorway feeding Limerick, Galway, and Dublin. It will include two floors of office space, a high bay production and manufacturing area, and 56 parking spaces.
Shannon Airport Group chief executive Mary Considine said they were committed to supplying quality property solutions that attract indigenous and FDI investment to the region.
“This development will provide a ready to go solution for new companies looking to set up or relocate to the Shannon Campus and fast track the delivery of advanced space for prospective new R&D Technology and Med Tech companies.
“This latest investment follows our recent development of an €8 million multi-use industrial facility on the Shannon Campus and our €4.2 million works at bays 135 and 137, earlier this year,” Ms Considine added.
Galway-based OCC Construction has been appointed as the main contractor.
The project will take approximately ten months to complete and will be a LEED certified building, constructed to international standards incorporating high energy performance throughout its design.