Co-op eyes €100m development

CONNACHT Gold Co-op has a substantial land bank of close to 300 acres that it plans to develop in the next few years at a cost of €100 million.

One site in Swinford Co Mayo will be developed at a cost of up to €15m and is already at the planning stage while a further 70 acres site near Sligo town will be developed mainly as a housing project.

Speaking at the launch of the group’s annual results in Dublin yesterday, Aaron Forde, chief executive, expressed concern at the slowdown in milk quota transfers among farmers.