Bathroom products manufacturer Qualceram has purchased the freehold interest in part of its premises at South Quay, Arklow harbour, Co Wicklow, for €2 million.
The group already owns the freehold interest in the remainder of the Arklow site, which is zoned WDZ (Waterfront Development Zone) and provides for mixed use development such as hotel, recreation and residential purposes.
Qualceram intends to sell its Arklow site and to relocate to an alternative site in the area with the objective of developing the new site into a modern manufacturing and international distribution centre for its business.
Advisers have been appointed to evaluate this process, and the Arklow property will be put on the market by tender this week, the company said.
