Half of Shannon Group properties lie empty

The company overseeing the redevelopment of the Shannon region has said over half of its properties remain empty and that many need to be demolished or upgraded. 

Staff leaving the company also received average payments of around €100,000 each, with atotal of €3.4m spent last year on early retirement packages.

The figures for Shannon Development were released as officials outlined future business and investment plans. This organisation has now been subsumed into the semi-state Shannon Group, which oversees progress in the region.