Good News For Tipperary Town

Magnum

Former Pall Corporation property sold for around €1m

http://www.independent.ie/business/commercial-property/former-pall-corporation-property-sold-for-around-1m-3301248.html


The largest industrial property to sell in the Irish regions this year has been bought for around €1m.

Located in Tipperary Town, the manufacturing facility extends to over 15,965sqm (171,850 sq ft) on a site of 10.4 acres.

It had been a production centre for health care company Pall Corporation from 1997 until it closed last year.

Joint agents BNP Paribas Real Estate and Moynihan Curran negotiated the sale to an established Irish company which is expected to locate operations in the premises.

However, the agents declined to disclose either the price or the name of the buyer.

The agents had been asking €2m for it originally but are believed to have sold it at less than that figure.

Peter Flanagan of BNP Paribas Real Estate commented that the sale was aided by the fact that the property had a good range of existing services including a significant power supply and the building and site had been well maintained.

Kieran Moynihan of Moynihan Curran said the sale was very good news and a vote of confidence for Tipperary Town.

"It would also hopefully lead to new employment being created at this excellent facility in the short to medium term," he added.

jimmydkid

Great news for the town,hopefully its a decent size employer and its not left idle for much longer

Magnum

jimmydkid wrote: »

Great news for the town,hopefully its a decent size employer and its not left idle for much longer

Hopefully with any luck, I'm out of work since Pall closed it's doors......

jimmydkid

Magnum wrote: »

Hopefully with any luck, I'm out of work since Pall closed it's doors......

Very little employment in the town, hopefully a good few jobs will be created. Any idea of who bought the plant?

Magnum

jimmydkid wrote: »

Very little employment in the town, hopefully a good few jobs will be created. Any idea of who bought the plant?

Nope, no news leaked out yet, It's a massive plant inside so hopefully someone who will bring a lot of jobs to the area..

Here's hoping..

digzy

I worked a few weeks in pall one summer i was off college about 15 years ago. There were people driving into there from Thurles and Clonmel. I was just after being taken on......yet there were plenty townies on the dole at the time...it'd make you think. Canteen was a disaster though:(

Hope to god something comes of it. Jobs are at a premium all over but especially here. There was a jobs crisis here even in the good times.

op, best of luck. Hope something crops up for you sooner rather than later.

DaveJac

be great if it makes a few jobs

tippspur

Good news alright.

kagni

Rumour is that it has been bought by ABP meat processors.

DaveJac

anyone know whats going on in Matt Kavaghna's old place alot of machines in there seem to be clearing the yard?

jimmydkid

DaveJac wrote: »

anyone know whats going on in Matt Kavaghna's old place alot of machines in there seem to be clearing the yard?

I hope its Aldi , every time im shopping in aldi cahir i meet half of tipp town

digzy

jimmydkid wrote: »

I hope its Aldi , every time im shopping in aldi cahir i meet half of tipp town

I's not aldi. the town council wont let them in there as they're anxious for them to take the site behing the cinema as the town is so quiet!

blackbird99

cappawhite plant hire are using it for storage of machines