Sunday 4 March 2007

€50m Kilrush Marina development

Shannon Development has announced that it has reached agreement in principle with a private sector consortium led by L & M Keating Ltd, for a €50 million development at Kilrush Marina, in the maritime town of Kilrush in Co. Clare.

The proposed major flagship project involves a high-quality mixed-use development of the Kilrush Marina and associated land bank. It includes the provision of 86 town houses, 50 marina holiday apartments, a retail/commercial park and a 125 bedroom 4 star hotel development.

Another essential element of the project will involve an estimated €4 million expansion of the Kilrush Marina facility to include -

* a clubhouse development, which will double the existing capacity
* the automation of lock gates
* breakwater
* a new boatyard
* a dinghy park - and
* an additional 120 berths, which will double the existing berthing capacity at the Marina.

The proposed development will take an estimated 5 years to complete. It will be done on a phased basis, with phase one commencing (subject to the completion of final agreements and planning permission) in 2008.

The first phase will involve significant investment in the Marina, boatyard and some housing development. Phase two will involve the construction of the marina apartments and phase three will see the development of the hotel and related facilities and commercial/retail units.

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