In 2021, IDA Ireland acquired two landbanks in Co Louth. The land acquisitions, with a combined total of 149 acres, situated at the townland of Killally, in Dundalk and Mell in Drogheda form part of IDA’s long term strategic plans to position Louth and the wider Mid-East region to compete for FDI investment.
Both sets of lands have been added to the IDA marketing database. There is a review underway with respect to further servicing considerations and best positioning of the landbanks in respect of potential FDI investment opportunities. As regards lands in Drogheda, a concept review for an Advanced Building Solution (ABS) is progressing with the objective to deliver same in the term of the current IDA Strategy.
The timely provision of appropriate, cost-effective property and infrastructure solutions to meet the needs of Multi-National Companies (MNCs) remains essential to winning Foreign Direct Investment (FDI). IDA’s regional property programme ensures the continued supply of land, buildings and infrastructure in regional locations to meet the needs of current and prospective clients. A robust property and infrastructure ecosystem can be the key differentiator in winning FDI projects. IDA Ireland is pleased to have acquired these two landbanks enhancing the offering in the Mid-East. Over the last five years, IDA’s Regional Property Programme enabled the winning of capital-intensive projects of significant scale to regional locations. IDA will continue to work with commercial property developers and Local Authorities to market other property solutions across all regions where they exist.”
The FDI performance in the Mid-East Region, which comprises counties Kildare, Louth, Meath and Wicklow, has been strong over the past five years with employment growing among IDA clients within the Engineering & Industrial Technologies, Medical Technologies, Technology, International Financial Services and Life Sciences sectors. There are 103 IDA Ireland client companies in the Mid-East Region employing 18,894 people directly and an additional 15,115 indirect jobs supported. IDA Ireland client employment in the region grew by 5% in 2021 with an additional 933 net jobs created. In recent years, IDA Ireland supported companies including WUXI, Wasdell, Almac, PCI Pharma Services, Amazon Web Services and Simply NUC who have announced investments and expansions for Co. Louth which has driven the demand for property solutions.
Over the last 2 years there have been 6 company announcements in Co. Louth, including Becton Dickinson, Prometric, Hiab, ITRenew, Simply NUC and TrustLabs Inc.
