A €6 million extension to a Shannon facility is part of a planned €21m first phase of new builds and upgrades of Shannon Commercial Properties’ portfolio, under the recently-created Shannon Group entity.

Profits at the independent Shannon Airport have jumped 34% in just one year with passenger numbers up 17% and European traffic up 70%.

Operating profits at Shannon Airport and its two subsidiary property and tourism firms increased last year.

The firm behind the €65m Westpark business park in Shannon has sealed a bank deal that significantly reduces the €38.5m it owed in bank loans.