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Press Release 27 Mar 2017

Tralee, Monday 27th March 2017 – An Taoiseach Enda Kenny TD with Martin Shanahan, CEO, IDA Ireland today launched IDA’s new Advance Technology Building (ATB) in the Kerry Technology Park at a ribbon cutting ceremony.

The Advance Technology building is designed to provide high quality production and office accommodation, which will be suitable for future technology or life sciences projects.

Speaking at the ceremony Taoiseach Enda Kenny said  “The Government’s focus is to expand economic development across the country and into the regions. That is why we are investing resources in towns like Tralee. Our aim is to create a further 135,000 jobs outside Dublin by 2020. A continued focus on investment in skills, property and infrastructure as well as competitiveness, is required if Ireland is to replicate its past successes in FDI into the future.”

IDA Ireland’s CEO Martin Shanahan said: “The availability of high quality property solutions is a key component in winning Foreign Direct Investment (FDI) projects.  IDA has a particular focus on regional job creation and this new Advance Technology Building will advance that aim in this region.  

“IDA continues to market Kerry for investment throughout our global network of offices.  Today, our new marketing tool - ‘Invest in Kerry’  - which highlights the key attributes of Kerry as a location for investment, will go live.

“From talent to property availability investors can go online and experience what Kerry has to offer.  Potential Investors can hear about the experiences of companies like Fexco, Astellas, Borg Warner, JRI America and Liebherr.

“Kerry is a great place to invest.  It has an existing base of overseas and indigenous companies, fantastic amenities and the Institute of Technology making it an attractive place to live and work.   These attributes combined with IDA’s new world class property solution, suitable for clients in the pharma, med tech, engineering or technology sectors, makes Kerry a compelling location for investment.

“Winning investment for Ireland is a Team Ireland approach.  I would like to thank Kerry County Council who partnered with us on the creation of a short video on Kerry which is featured on the site.  I would also like to thank the companies who gave of their time to participate in this project”, concluded Martin Shanahan.

For more information on Invest in Kerry click here 

In line with the IDA Strategy: Winning FDI (foreign direct investment) 2015 to 2019, IDA has commenced a 3 year new building programme to attract FDI to designated regional locations.  In this programme, IDA’s objective is to ensure an attractive property solution is available for marketing to its clients across a broad range of sectors.

In 2016 Kerry County Council granted planning permission for a 2,543m² Advance Technology Buildings in Kerry Technology Park, Tralee, Co Kerry. In August 2016, IDA appointed Eamon Costello (Kerry) Ltd to deliver the premises. Construction commenced on site in August 2016 with an estimated completion date of May 31st 2017.

IDA has thus far completed two other ATBs – in Waterford and Athlone – which have been leased by new FDI clients illustrating that IDA’s focus on bringing investments to regional locations is working and the strategy of building ATBs in support of that aim is proving successful.

International research strongly indicates the provision of appropriate, innovative and competitive property solutions, coupled with robust infrastructure and a developed property ecosystem, is a key driver behind winning FDI business. IDA Ireland is committed to ensuring a good supply of suitable property solutions is available for FDI in regional locations and where the private sector is not delivering a solution, IDA Ireland will take a lead role in the delivery of new facilities.

 

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