Tuesday, 12th December 2017
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Minister of State John Halligan confirms second Advance Technology Building for Waterford

John Halligan T.D., Minister of State for Training, Skills, Innovation, Research and Development, has welcomed plans for a new IDA Advance Technology Building (ATB) in Waterford city.

Planning permission for the proposed new facility was submitted in recent days and the IDA has confirmed that the building will be marketed to multi-nationals seeking turn-key manufacturing facilities in Waterford.

“One of the first IDA Advance Technology Buildings (ATBs) in the country was constructed in IDA’s Waterford Business & Technology Park and is now occupied by global pharmaceutical and diagnostics company OPKO Healthcare”, Minister Halligan commented. “This new building will be constructed on an adjacent site, in an area being developed as the Waterford Knowledge Campus and it will, on completion, significantly boost Waterford’s chances of winning Foreign Direct Investment projects.”

The new ATB will offer a production facility of 1475 sq. metres and office space of 407 sq. metres, with provision for 65 car parking spaces. Employment will also be created in the construction phase, during which the IDA will begin marketing the facility to multi-nationals in a number of sectors, Minister Halligan confirmed:

“We know the ATB formula works - ATBs have been successfully leased by the IDA elsewhere in the country several months ahead of completion. There is no question that Waterford is a highly attractive place to live and work, with its close proximity to so many great amenities. This new building will significantly enhance this appeal to foreign companies, offering a world-class property solution custom-designed to suit a range of sectors.

“This investment clearly demonstrates the Government’s commitment to balanced regional development, which is reflected in the creation of 1,300 additional IDA Ireland-supported jobs in the South East over the last five years. We need to maintain this positive momentum by continuing to invest in skills, property and infrastructure to ensure an even spread of FDI across the country."

Martin Shanahan, CEO of IDA Ireland, added:

“IDA is committed to regional development. Having the right property solution is key in attracting investment to regional locations and this new ATB will significantly enhance Waterford’s offering.”

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