Limerick is a two-hour drive by motorway from Dublin and it is 25 minutes, also by motorway, from Ireland’s second International Airport at Shannon; Cork is a 1.5 hour drive and Galway is one hour north of Limerick. The Foynes Deep sea port in the Shannon Estuary is 39km west of Limerick City and caters for vessels of up to 200,000dwt.
Commercial, office and residential properties are very competitively priced in Limerick in comparison to other European cities. Commercial property prices in Limerick are 30% more competitive than its rivals in Europe. Residential property prices are up to 50% cheaper than in the capital city of Dublin.
Limerick has a track record of attracting and retaining global companies, which continue to expand their Limerick footprint, reflecting the region’s competitiveness and talent driven population.
A leading centre for commercial development, Limerick city’s transformation is being strategically guided by Limerick 2030, a €1bn economic and spatial plan that will transform the infrastructure of Limerick and deliver a whole new vision for the city.
The transformational changes include: a renaissance of Limerick’s entire waterfront; a new city centre plaza to define the heart of the city; a central student campus to include facilities from LIT, UL and MIC; restoration of Georgian Limerick; the renewal of Colbert Station and a new public transport interchange.
The further enhancement of Limerick city also includes the development of the Opera Centre as a prime location for new businesses together with an innovation hub. This will be closely aligned to Limerick’s main third level colleges providing space and support for fledgling businesses across the region.
The arrival of Regeneron, Biopharma and Ethicon Biosurgery in 2014 boosted an already strong Life Sciences sector that features Johnson & Johnson, Zimmer, Stryker and Cook Medical.
The international transportation firm Uber chose Limerick city centre as the location for its first ever Centre of Excellence location outside of the USA serving customers in 30 cities across Europe from its offices in Limerick.
Multinational companies employ over 17,700 staff in the Mid-West of Ireland. The region is home to 128 IDA client companies with particular emphasis on the FDI investment ICT/Hardware/Software, followed by Engineering/Medical Technology sectors.
Large ICT companies, such as Dell, Analog Devices and Intel, have a long history of development in the Limerick area.