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Shannon Business Park To Undergo €30 Million Refinancing

A Shannon business park has been given a €30 million loan from a UK lender to allow it to be refinanced.

Westpark Business Campus, which has tenants in the aviation, finance and IT sectors, has more than 200,000 sq ft of space.

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In April, plans were lodged to add additional office space there, with its operators seeking permission for a state-of-thee-art five-storey office block.

According to the Irish Times, the €30 million debt facility has been provided by the UK-based PMM Real Estate Finance, marking the first time the lender has moved into the Irish market.

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