Developer’s city building projects hit €200m mark

A TEN-STOREY development planned for the Savoy cinema site on Henry Street brings a low-key local developer’s projects in Limerick to almost €200 million.

Backing the hotel, shops and apartments plan is Limerick financier Michael Daly, who is also building the 14-storey Riverpoint apartment and office block - the city’s tallest project - at the Munchin’s House site near Jury’s Inn.

He was also the buyer of the €15-million-plus Castletroy Park Hotel with development potential on its lands, and is now adding a third string to his rapidly expanding Shannonside property portfolio.