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.
The Shannon Group’s property arm is set to triple an existing 33,000 sq ft building at the Shannon Free Zone, let to GE Measurement & Control: it will now grow to 100,000 sq ft, and is set to open next summer.
Employing 177, the US multi-national GE currently operates out of two separate facilities.
The new facility will enable it to consolidate operations in one location, and allow for expansion.
Originally Panametrics, and acquired by GE in 2002, the site in Shannon is part of GE’s Oil & Gas business.
Full planning permission was granted by Clare County Council last month, with L&M Keating Ltd awarded the main construction contract. Work has commenced, with a scheduled completion of June 2016.
Also on the team are Hassett Leyden Associates, Ennis as lead consultant, with Cuddy QS as Quantity Surveyors and Moloney Fox, as M&E.
“The development of this purpose built facility is one of the earliest and most significant investments by Shannon Group since it was formed last autumn,” said Shannon Group CEO Neil Pakey.
He added that it was part of a wider programme of upgrades and refurbishment works, including new builds to bring some existing units at the Shannon Free Zone up to 21st century standards.
The Shannon Free Zone is host to 120 Irish and international companies.
Shannon Group plc was established last September.
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