Limerick development a model for Ireland’s regions to unlock economic potential, say backers

Limerick's One Opera Square comprises of 106,000sq ft of Grade A office space across five floors, three ground-floor retail/restaurant units and underground car parking

(Left to right) Chair of Limerick Twenty Thirty James Collins, Sarah Hickey, ISIF, minister for finance Paschal Donohoe, Mayor of Limerick John Moran and ISIF director Nick Ashmore at the official launch of Limerick’s One Opera Square. Picture: Arthur Ellis

The launch of Limerick's One Opera Square development should act as a blueprint for strategic partnerships between sovereign development funds and local government to unlock Ireland’s regional economic potential, the backers have said.

Barry O’Sullivan, chair of the ‘Treaty Stone Partnership’, a joint venture between the Ireland Strategic Investment Fund (ISIF) and Limerick Twenty Thirty DAC, said the €80m development, delivered on budget, demonstrates what can be achieved when local ambition is matched with the scale and strength of investment vehicles such as ISIF.