Shannon Foynes Port Company Appoint Savills as Property Advisor - Construction Network Ireland - Construction Network Ireland

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Published in Commercial Property on 14/11/2018

Shannon Foynes Port Company Appoint Savills as Property Advisor

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CNI Editor reports

Shannon Foynes Port Company (SFPC) has appointed Savills Ireland to advise on the regeneration of its 45.5 hectare holding in Limerick’s docklands into a major economic hub for the city and region.

Under the framework of the SFPC Vision 2041 plan, Savills will advise on the development and reuse of existing obsolete buildings and land for commercial use, while also maintaining Ted Russel Dock as a viable working port.

Savills has a strong track-record in this space, having worked on various high-profile regeneration projects including the development of Boland’s Quay – formerly Boland’s Mill – which has since sold to Google. In addition, Savills provided strategic consultancy regarding the future development of the former Irish Glass Bottle site in Dublin, where plans are in the pipeline for 1m sq. ft. of commercial development and 3,500 homes.

Andrew Sherry, Divisional Director of Savills Development Services said by 2030, the number of people employed in port related activities could increase by 25% – offering a major boost to the local economy, and the general renaissance envisioned for Limerick. “Our role is to help Shannon Foynes Port Company unlock and maximise that potential, as outlined in the National Planning Framework through carefully considered, innovative development advice.”