Opera Square announcement is a ‘milestone’ in the delivery of new 14-storey landmark building

Opera Square announcement is a ‘milestone’ in the delivery of new 14-storey office building

Announcement of Limerick City and County Council members’ decision to sell lands at the Opera Square site to the Office of Public Works a ‘milestone’ in project delivery

The decision by elected members for a Section 183 resolution to sell lands at the Opera Square site to the Office of Public Works will allow works to commence on a new 14-storey office building, which will be constructed on behalf of the Revenue Commissioners.

This disposal, by way of a 999 year lease, over Parcel 5 of the Opera Site, consists of 1,936m2 of Basement space and 1,346m2 of airspace overhead.

This land sale will now allow the Office of Public Works to move forward with the construction of that landmark building that will be home to almost 1000 workers.

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The development of the Opera site by Limerick Twenty Thirty DAC has been supported over the last number of years by the elected members of Limerick City and County Council.

The Councillors provided their approval for loan funding from the European Investment Bank and have also approved a previous section 183 that has allowed the building of Number One Opera Square to proceed, with the support of the Irish Strategic Investment Fund (ISIF).

These decisions have also allowed for negotiations to open on the future hotel site on the Ellen Street side of the development in partnership with Limerick Twenty Thirty, a special purpose vehicle of Limerick City and County Council that plans and develops key strategic sites in Limerick City and County, such as Opera Square.

Commenting on today’s decision, Mayor of Limerick, John Moran said, “It has been a long ten years coming, but it is great to see us finally pass this important milestone in the delivery of the OPW building.  I want to thank the councillors for voting unanimously to support our recommendation.  I want to thank the Ministers of the OPW and their officials, the team at Limerick Twenty Thirty and at LCCC for their tireless work to make this happen.  But most of all I want to thank the people of Limerick for their patience.  We all look forward now to delivering More for Limerick together.”

Also welcoming the decision was Príomh Chomhairleoir, Cllr Catherine Slattery, “I want to congratulate my colleagues, the Government, the Office of Public Works and all involved for their belief in Limerick. This decision by my colleagues today shows real faith in our city – in its potential, its people, and its future. The investment by Government in this new building, will be a catalyst project leading to significant private sector investment in our city centre. It’s a strong message that Limerick is open for business and growth.”

Director General of Limerick City and County Council, Dr Pat Daly thanked all those who have played key roles in the Opera Square project to date, he said “This has been a collaborative effort from the very beginning. I want to thank the many council and Limerick Twenty Thirty DAC staff who worked tirelessly on this, as well as the multiple Government departments and Ministers who supported us along the way. Their guidance and partnership have been invaluable in bringing us to this point.”