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.
'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,' said Andrew Sherry, divisional director of Savills development services.
'Our role is to help Shannon Foynes Port Company unlock and maximise that potential, as outlined in the national planning framework,' Sherry added.
Savills said it had previously collaborated on various high-profile regeneration projects including the development of Boland’s Quay – formerly Boland’s Mill – which has since been 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 ft2 of commercial development and 3,500 homes.
'The Limerick docklands area has to potential to act as a major growth stimulus for Limerick and the wider region. It’s one of the finest urban sites available in Ireland, not least thanks to its proximity to the motorway and city centre,' said Patrick Keating, CEO of Shannon SFPC.