independent

Tuesday 2 September 2014

IT Tralee's bid may be accepted

Simon Brouder

Published 20/11/2013 | 05:36

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THERE are strong indications that IT Tralee's ambitious bid to buy Kerry Technology Park will be accepted later this week.

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There has been confusion about the future of the park, which employs over 400 people and is home to some of Kerry's leading technology companies - including Altobridge, Aspen Grove and Pulse Learning - since the amalgamation of Shannon Development, the park's original developer and owner, into a new look Shannon Airport Authority earlier this year.

Following the amalgamation, Kerry Technology Park and other Shannon Development owned sites in Kerry, including the Ballylongford Landbank, were temporarily transferred to the new Shannon Airport Authority pending their transfer or sale to other owners or state agencies.

It had been suggested that control of the park may be handed over to the IDA, however this suggestion was strongly opposed by many businesses in the park who voiced concerns about the development agency's previous record in Kerry.

Earlier this year IT Tralee, who said it wants to see the park remain in local ownership, tabled a formal bid, for an undisclosed amount, seeking to take over ownership and management of the park.

This bid is due to be discussed at the next board meeting of the Shannon authority on Friday November 22 and sources close to the negotiations have indicated that the college's multi million Euro bid is expected to be accepted.

Kerryman

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