Westpark firm says loans can be refinanced

The firm behind the €65m Westpark business park in the Shannon Free Zone has stated it is confident that its €38m loans with Danske Bank can be refinanced with another financial institution.

Westpark Shannon Ltd is led by former chairman of Shannon Airport, Brian O’Connell and the business park’s clients include aviation giant, GECAS, Symantec, Pepper and Piercom.

New accounts just lodged by Westpark Shannon Ltd with the Companies Office show that the firm returned to profit in 2012 with profits of €18,064 following a loss of €199,635 in 2011.