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IDA to build €11m Waterford and Limerick FDI sites



Martin Shanahan of IDA Ireland

Martin Shanahan of IDA Ireland

Martin Shanahan of IDA Ireland

The IDA, the state agency responsible for attracting and retaining inward foreign direct investment to Ireland, has issued tenders worth a combined estimated €22m as it seeks to build two properties in Limerick and Waterford.

The "advanced building solutions" to be constructed at the two sites are designed to attract firms looking to come here. Neither of the two buildings has a specific sector in mind and can cater to many firms as the occupier hasn't yet been identified.

According to the documents on the Government's tender website, the advanced building solution in Limerick is to have a gross area of 3,748 sq m. The two-storey building will consist of offices and light industrial production spaces.

The greenfield site is close to several industrial and commercial units within the IDA park. The 1.24-hectare site is located within the 'Enterprise & Employment'-zoned lands in the IDA Raheen Business Park.

In Waterford, the two-storey development is to be slightly smaller than the one in Limerick, with documents stating it will have a gross area of 3,676 sq m.

The 1.56ha site is to be located within the Waterford Knowledge Campus lands in the IDA's business park.

Tender documents for the buildings in both Limerick and Waterford estimate that each development will cost €11m.

A spokeswoman for the IDA said: "As part of IDA's Regional Building Programme, IDA Ireland has lodged planning applications for the development of Advance Technology Buildings on our Business and Technology Parks in Waterford and Raheen, Limerick.

"Ultimately, an FDI investor makes the final decision on the location in which to invest, however, these applications will help to ensure property solutions are in place for overseas companies considering Ireland as a location for investment.

"The buildings are designed with flexibility in mind to cater for the needs of multiple processes and sectors. Without knowledge of the ultimate occupier, IDA could not estimate the number of jobs with any accuracy.

"Similar buildings previously developed are now occupied by Aerie in Athlone, Eirgen OPKO in Waterford and Meissner in Castlebar."

Last week, the IDA shared that IQVIA, a provider of analytics, technology solutions and clinical research services to the life sciences industry, was creating 170 remote jobs throughout Ireland.

It also shared that Takeda Pharmaceutical would be expanding its production line in Bray, Co Wicklow.

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