Limerick Twenty Thirty DAC
Limerick Twenty Thirty DAC is a government-owned special purpose vehicle of Limerick City and County Council that plans and develops six strategic urban regeneration sites in Limerick, Ireland, delivering LEED-certified office, residential, hospitality, and mixed-use developments for FDI companies, indigenous businesses, and institutional occupiers.
- Company typePrivate
- Founded2016
- HeadquartersLimerick, Ireland
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Limerick Twenty Thirty DAC does
Limerick Twenty Thirty DAC is a designated activity company and special purpose vehicle wholly owned by Limerick City and County Council, established in 2016 to execute a €500m+ urban regeneration programme across six strategic sites in Limerick and the Mid-West region of Ireland. The company develops, owns, and disposes of mixed-use real estate including LEED Gold and Platinum certified office space (Gardens International, One Opera Square), large-scale cultural and commercial campuses (Opera Square), riverside mixed-use quarters (Cleeves Riverside Quarter), residential neighbourhoods (Mungret Park, 850 units planned), and specialist production facilities (Troy Studios, sold 2022). Core technologies span sustainable building standards (LEED Gold/Platinum, NZEB, WELL, WiredScore), heritage conservation across 16 protected buildings and the historic Cleeves factory complex, and masterplanning methodology delivered through outsourced tier-1 architects and engineers.
The company serves foreign direct investment companies seeking English-speaking EU office locations post-Brexit, indigenous Irish businesses needing Grade A office accommodation, hospitality operators (Whitbread/Premier Inn), educational institutions (TUS), residential buyers, and film production occupiers. Revenue mechanics combine one-time property development and sale transactions (e.g., Troy Studios divestiture), recurring commercial leasing (Gardens International fully let), 50:50 joint-venture structures with institutional investors (€80m ISIF JV for One Opera Square), and residential unit sales or social housing partnerships. Capital is sourced from the European Investment Bank (€85m), Council of Europe Development Bank, Ireland Strategic Investment Fund, Urban Regeneration Development Fund grants, and the parent local authority, with execution delivered by an 18-person core team working alongside contractors such as John Sisk & Son and design firms including Feilden Clegg Bradley Studios, Henry J Lyons, and Bucholz McEvoy.
Limerick Twenty Thirty DAC firmographics
Firmographics- Name
- Limerick Twenty Thirty DAC
- Legal name
- Limerick Twenty Thirty Strategic Development DAC
- Website
- https://limerick2030.ie
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Limerick Twenty Thirty DAC is a government-owned special purpose vehicle of Limerick City and County Council that plans and develops six strategic urban regeneration sites in Limerick, Ireland, delivering LEED-certified office, residential, hospitality, and mixed-use developments for FDI companies, indigenous businesses, and institutional occupiers.
- Ownership category
- akta.pro rank
Limerick Twenty Thirty DAC industry classification
Industry- Product category
- Real Estate Development
- NAICS
- Nonresidential Building Construction (2362), Land Subdivision (23721)
- SIC
- Real Estate Dealers (For Their Own Account) (6532), Land Subdividers & Developers (No Cemeteries) (6552)
- akta.pro primary industry
- Retail & Mixed-Use Commercial Construction (IMAFACAB)
Keywords
Where Limerick Twenty Thirty DAC is headquartered
LocationHeadquarters
- HQ city
- Limerick
- HQ country
- Ireland
- HQ region
- Europe
Offices1 record
Markets served
Limerick Twenty Thirty DAC business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Supply Chain, Personnel, Marketing or Sales, Others
Revenue model
- Property Development and Sale: Limerick Twenty Thirty develops strategic sites and sells completed properties (e.g., Troy Studios sold in 2022 to Hackman Capital Partners and Square Mile Capital Management). Revenue generated through property transactions.
- Commercial Leasing: The company leases office and commercial space to tenants. Gardens International is fully let with tenants including Nordic Aviation Capital. One Opera Square targets 1,000 employees with restaurant and retail units at ground level.
- Joint Venture Partnerships: Limerick Twenty Thirty enters into 50:50 joint ventures with investment funds for specific projects, such as the €80m JV with ISIF for One Opera Square. Returns flow from the joint venture structure.
- Residential Development: Mungret Park and Cleeves Riverside Quarter include residential components (850 units at Mungret, 234 units at Cleeves Phase Two) generating revenue through sales or social housing partnerships.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | No tiered pricing structure - developments priced based on market value |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels7 records
Limerick Twenty Thirty DAC product offering
Product offeringCore offering
Limerick Twenty Thirty DAC is a special purpose vehicle of Limerick City and County Council that plans and develops strategic sites in Limerick City and County. The company develops a portfolio of commercial, residential, and mixed-use real estate projects (including Gardens International, Opera Square, One Opera Square, Cleeves Riverside Quarter, Mungret Park, and Troy Studios Film Hub) intended to act as anchors for enterprise and investment development in the Mid-West Region of Ireland.
Product overview
Limerick Twenty Thirty DAC is a special purpose vehicle of Limerick City and County Council established in 2016 to develop strategic sites in Limerick City and County. The company's portfolio comprises multiple distinct property development projects: Gardens International (LEED Gold office building), Opera Square (large-scale mixed-use campus), One Opera Square (LEED Platinum office building within Opera Square), Cleeves Riverside Quarter (10-acre mixed-use riverside development), Mungret Park (60-acre residential project), and Troy Studios (film production hub). The portfolio represents over €500m in investment planned across six major sites.
Differentiator
Problem solved
Functional benefit
Products and services
- Gardens International LEED Gold certified Grade A office building in Limerick combining 19th century architecture (Roches Hanging Garden and Mercantile Building) with new construction, offering 112,000 sq. ft. of office accommodation for 500+ employees.
- Opera Square 3.7-acre landmark mixed-use development featuring 550,000 sq. ft. of accommodation including offices, library, hotel, leisure spaces, residential units, and 16 heritage protected buildings. Targeting LEED Platinum, WELL Platinum, and WiredScore Platinum certifications.
- One Opera Square 121,029 sq. ft. six-storey office building within Opera Square development, the first LEED Platinum certified office building outside Dublin. EU Taxonomy compliant and developed as a €80m joint venture with ISIF.
- Cleeves Riverside Quarter 10-acre landmark mixed-use development on the northern bank of the River Shannon with project value circa €400m+, featuring residential (234 units), commercial space, 270 student accommodation rooms, TUS university campus facilities, cultural amenities, and public realm.
- Mungret Park 60-acre residential development on former Mungret College grounds with capacity for up to 850 residential units, supporting housing supply for Limerick's population growth.
- Troy Studios Film Hub 340,000 sq. ft. film production facility in former Dell Factory that created 700+ jobs. Sold in 2022 to Hackman Capital Partners and Square Mile Capital Management.
Quantifiable outcome
- 5,000+ jobs to be created across the investment programme
- +4 more outcomes
Companies that use Limerick Twenty Thirty DAC
Customer profileNamed customers5 records
Segments6 records
Ideal customer profiles5 records
Limerick Twenty Thirty DAC technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Limerick Twenty Thirty DAC partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core.
- John Sisk & Son LtdcoreMain building contractor for Opera Square and Cleeves Riverside Quarter projects. Awarded €80m contract for One Opera Square design and construction (10,000 sqm basement and six storey office building). Also undertaking demolition and enabling works at Opera Site.
- Whitbread PLC (Premier Inn)coreUK's largest hotel business making major investment in Limerick through 156-room Premier Inn hotel as anchor development at Opera Square. Part of Whitbread's 5,000 room growth plan for Premier Inn in Ireland.
- Technological University of the Shannon (TUS)coreMemorandum of Agreement prepared between Limerick Twenty Thirty and TUS for development of a city centre university campus at Cleeves Riverside Quarter including the Flaxmill Building. Would accommodate up to 1,700 students plus student accommodation and lecture spaces.
- Feilden Clegg Bradley StudioscoreDesign team lead for Cleeves Riverside Quarter masterplan, in partnership with Bucholz McEvoy Architects. Conservation design guidance for Flaxmill building stabilization works.
- Feilden Clegg Bradley StudioscoreDesign team lead for Cleeves Riverside Quarter masterplan, in partnership with Bucholz McEvoy Architects. Conservation design guidance for Flaxmill building stabilization works.
- Cogent AssociatescoreProject managers for Opera Site. Previously oversaw Central Bank and Google's EMEA project. Managing the transformational development from inception through delivery.
- Henry J LyonscoreMulti-award-winning architectural practice awarded contract for design of key elements within Opera Site, including the 14-storey landmark building that will create a new skyline for Limerick city centre.
- ArupcorePart of Cleeves Riverside Quarter design team providing Civil & Structural Engineering, Building Services Engineering for the 10-acre riverside development.
- Rogerson ReddancoreAppointed for Project Management, Quantity Surveying and Project Supervisor Design Process services for Cleeves Riverside Quarter. Supported by health and safety consultants Integrated Risk Solutions.
- HRA PlanningcorePlanning Consultancy services for Cleeves Riverside Quarter development.
Scale indicators9 records
Recent moves7 records
Expansion highlights6 records
Limerick Twenty Thirty DAC competitors and assessment
Company assessmentBroad incumbents
- Landsec: UK-listed REIT and major mixed-use property developer with office, retail, and residential portfolios. Comparable on Grade A office development and mixed-use urban regeneration, though at substantially larger scale and broader UK focus.
- Lendlease: Global real estate and urban regeneration group behind large mixed-use projects (e.g., Elephant & Castle, Stratford Cross). Comparable on masterplanning capability and mixed-use urban regeneration mandate, though operating at much larger global scale.
- Kennedy Wilson: Global real estate investment company with European property portfolio including Irish and UK assets. Comparable on European real estate exposure and institutional investment partnerships, though operating as investor/owner rather than primary developer.
- Hammerson: UK-listed REIT and mixed-use property developer with flagship retail-led destinations. Comparable on mixed-use commercial property development and sustainability credentials, though focused on retail-anchored schemes in UK/Ireland.
- British Land: UK-listed REIT with mixed-use property portfolio including office campuses and mixed-use regeneration projects. Comparable on Grade A office delivery and mixed-use development expertise.
Direct peers
- Glenveagh Properties: Irish-listed homebuilder delivering apartments and houses across Ireland. Comparable on residential development scale and Irish market dynamics, including exposure to housing supply shortages.
- Ballymore Group: Privately-held Irish/UK mixed-use property developer focused on large-scale urban regeneration projects including residential, office, retail, and leisure components. Closest direct comparable to Limerick Twenty Thirty's mixed-use strategic-site development model.
- Cairn Homes: Irish-listed residential property developer active across Dublin and the Greater Dublin Area, delivering large-scale housing estates including master-planned communities. Comparable on residential component scale (Mungret Park 850 units) and Irish market focus.
- Quintain: UK developer behind the Wembley Park regeneration, a master-planned mixed-use redevelopment of strategic underutilized land into residential, office, retail, and student accommodation. Directly comparable urban regeneration mandate and multi-phase project structure.
- U+I Group: UK specialist regeneration property developer behind mixed-use schemes converting underutilized urban sites into residential, office, and cultural uses. Comparable regeneration-led mandate and mixed-use expertise.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
Limerick Twenty Thirty DAC social profiles
Digital presenceLimerick Twenty Thirty DAC compliance and trust
Trust signalCompliance8 records
Limerick Twenty Thirty DAC financial estimates
Financial estimateRevenue estimate
Valuation estimate
Limerick Twenty Thirty DAC leadership team
Management profileNumber of profiles
Profiles2 records
Limerick Twenty Thirty DAC funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Limerick Twenty Thirty DAC M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Limerick Twenty Thirty DAC
What does Limerick Twenty Thirty DAC do?
Limerick Twenty Thirty DAC is a special purpose vehicle of Limerick City and County Council that plans and develops strategic sites in Limerick City and County. The company develops a portfolio of commercial, residential, and mixed-use real estate projects (including Gardens International, Opera Square, One Opera Square, Cleeves Riverside Quarter, Mungret Park, and Troy Studios Film Hub) intended to act as anchors for enterprise and investment development in the Mid-West Region of Ireland.
Is Limerick Twenty Thirty DAC a public or private company?
Limerick Twenty Thirty DAC is a private company. It is classified as state government owned and is currently operating.
When was Limerick Twenty Thirty DAC founded?
Limerick Twenty Thirty DAC was founded in 2016. It employs 11 to 50 people.
Where is Limerick Twenty Thirty DAC based?
Limerick Twenty Thirty DAC is headquartered in Limerick, Ireland, in the Europe region.
How does Limerick Twenty Thirty DAC make money?
Four revenue lines are on record. Property Development and Sale is the primary driver. The others are commercial Leasing, joint Venture Partnerships and residential Development.
Who are Limerick Twenty Thirty DAC's main competitors?
Broad incumbents on record are Landsec, Lendlease, Kennedy Wilson, Hammerson and British Land. Direct peers are Glenveagh Properties, Ballymore Group, Cairn Homes, Quintain and U+I Group.
Does Limerick Twenty Thirty DAC have an API?
No public API is recorded for Limerick Twenty Thirty DAC.
What industry is Limerick Twenty Thirty DAC in?
Limerick Twenty Thirty DAC's product category is Real Estate Development. Its primary akta.pro industry code is IMAFACAB, Retail & Mixed-Use Commercial Construction. Its NAICS code is 2362 and its SIC code is 6532.