Pharma giant to invest locally

by Staff Reporter

A HUGE investment is expected in Grangecastle Business Park after a Spanish pharmaceutical giant took a 999-year lease on an 11-hectare site in the park.
Grifols, a Barcelona-based leader in blood plasma products, was approved to purchase the land at this week’s meeting of South Dublin County Council at a cost of €550,000 per hectare, but the vast majority of that fee will not be paid until they move in.
Grifols is one of the world’s largest producers of plasma products and of blood-related diagnostic products for laboratories, hospitals and transfusion centres.
It is believed that they plan to build to a life-sciences facility at the site, which could employ hundreds of people, but will be built on a staged basis.
The company currently employs over 11,000 people worldwide and had revenues of €1.7bn last year.
In the report made to the council on the disposal of the land, county manager Philomena Poole said that the company must apply for full planning permission by June 30 next year.
The lease will run for 999 years, with the company paying a nominal rent of €500, exclusive of rates and taxes and will require Grifols to build a 223 metre road to link with the rest of the business park, or for them to pay the council no more than €450,000 to do the same.
Local reaction to the plan was warm, with local TD Frances Fitzgerald saying that the land being leased to a leading multinational company was a significant vote of confidence in the area.
“I welcome this site disposal and the proposed investment by Grifols. This represents a major boost for the local economy in Clondalkin and Lucan and is a vote of confidence in Ireland and in this Government’s efforts to attract multi-national investment and to create jobs.
“My office has already been in contact with Grifol’s agents in Ireland, and I look forward to supporting this important development,” she said.
Fitzgerald was echoed by her party colleague, Cllr William Lavelle, who said that he was happy to vote in favour of the disposal of the land to Grifols.
“I was delighted to support this site disposal at this week’s council meeting. This proposed development shows the importance and value of the council’s jobs strategy which is very much focussed on attracting foreign-direct investment into our county.
“I have consistently supported this strategy and indeed I had a motion on the agenda for this week’s council meeting seeking to further develop our efforts to market the county to international investors.
“I wish Grifols all the very best with this development which I hope will provide an important uplift to our local economy,” said Cllr Lavelle.

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