Limerick’s ambition to attract major Hollywood stars may soon be realised with confirmation an agreement has finally been signed, paving the way for an international film studio for the city.
Limerick City and County Council confirmed it had signed heads of agreement with a newly established company, Troy Studios, subject to planning permission, for a long-term lease of the former Dell factory.
The local authority recently confirmed the €6m purchase of the 350,000 sq ft facility, previously used as the Culture Factory for Limerick City of Culture 2014. The intention is for Troy Studios to be a fully fledged leading facility to cater for film and TV productions by the end of 2016.
“We’re delighted to be working with Troy Studios in facilitating the company in its plans to establish a significant media hub for film and television production in Limerick,” said Conn Murray, chief executive of Limerick City and County Council.
Previously, he said a studio hub could create up to 750 jobs with a €70m spin-off for the region.
“This is an extremely welcome development as it presents a diverse range of opportunities for the wider arts, crafts, and culture sector, and particularly those undertaking third-level digital media courses in Limerick.”
Troy Studios is a newly established company from Ardmore Studios chief executive Siún Ní Raghallaigh.
Ossie Kilkenny, a joint owner of the Bray-based studio, and John Kelleher are also directors of the new company, established for the purposes of motion picture and video production at Plassey Technological Park in Limerick, according to documents lodged with the Company Registration Office.
In additional to some 70,000 sq ft of sound studios, it is anticipated Troy Studios will become home to a media cluster of companies providing services to support film and TV production on site. An application for planning permission for a change of use for the former Dell site is about be submitted.
According to Ms Ní Raghallaigh, yesterday’s announcement was significant for company plans to establish a significant media hub for film and television production in the near future.
“The availability of appropriate full service studio space in the country is a restraining factor for Ireland’s audio visual sector’s growth and this announcement is an important step in the right direction to redress that imbalance,” she said.
“The establishment of Troy Studios will assist Ireland take advantage of the 30% growth in global creative audio visual content predicted for the next five years. It will add 70,000 sq feet of studio space to the existing 110,000 sq ft of sound studio space that already exists in Ireland.
“It is an exciting initiative and we look forward to progressing plans with Limerick City and County Council to bring this project to fruition and place Limerick on the international map as a new film location,” she added.