Waterford Wedgwood sells 22 acres surrounding crystal plant for €33m

WATERFORD WEDGWOOD has sold 22 acres of land surrounding its Waterford city crystal facility for €33 million.

The lands were rezoned by Waterford City Council in mid-April, increasing the value of the plot around the company’s sports and social club. The company previously valued them at €0.6m.

Newry-based private developer, Gerard O’Hare has agreed to pay €32.9m for the site, which was formerly zoned for open space and community purposes but is now classed for commercial development.