It is seen as a major boost for Troy Studios, which is being developed into a film and TV studio facility at an old Dell industrial site near the University of Limerick.
Work on converting the industrial site into a 6,500 sq m studio is nearing completion. When it is fully armed and operational, the studio will give jobs to more than 500 people. Already one major US producer has visited the site.
Limerick City and County Council purchased the old Dell site from a Limerick businessman and have done a leasing arrangement with Troy studios. The idea of converting the site into a film studio was first proposed when the facility was used for major events during the Limerick City of Culture in 2014. Troy Studios came forward with plans to use the building for film and TV production.
The directors of Troy include Ardmore Studios chief executive Siún Ní Raghallaigh and Ossie Kilkenny and producer John Kelleher.
Mr Kilkenny said Ardmore Studios does have not enough space to cater for the growing demand by international film makers, who want to make films and TV productions in this country.
He said the location of the new studios at the National Technological Centre at Plassey in Limerick was also very important given its proximity to Shannon and the hotel infrastructure in the Mid-West.
It is believed the first film crews will be using the news studios by the end of the summer.