Irish owned business park operator and investor, Fine Grain Property have acquired the forty acre Westpark business campus in Shannon for more than €50m.
Roughly fifty companies and 2,000 employees are based at the business park which has been sold by Westpark Shannon Ltd. Two of the world’s leading aviation firms, GE Capital Aviation Services (GECAS) and AerCap are located at Westpark along with Enteprise Ireland, DHL, Pepper and several SMEs involved in aviation, finance, IT and general trading.
Established in 2005 by Brian and Bridget O’Connell, the campus has already received planning permission for a further 300,000 sq ft of offices. Brian said Westpark was “a prime example of the standard required to attract and retain high quality international investment in Ireland, most particularly outside the greater Dublin area”.
He added, “The benefits of well-educated talent, connectivity, residential availability and lifestyle are now highly valued by international businesses locating in Ireland. When combined with high spec office facilities, these attributes create a compelling rationale for de-centralisation”.
Fine Grain which is headed up by Colin MacDonald have over the past three years has invested €175m, including the Westpark deal, to purchase fifteen properties in Athlone, Cork, Galway, Limerick and Dublin.