THE former Golden Vale site at Lansdowne has been put on the market.
Real estate adviser DTZ Sherry Fitzgerald have been appointed to sell the site, which became empty at the end of 2011.
Thomas Cleeve established the Condensed Milk Company at the site in 1883. Milk continued to be processed at the Lansdowne factory until 2011 and its tall chimney remains as one of Limerick’s most distinctive landmarks. The final remnant of the original family business, Cleeve’s Toffee, continued until 1985 when the company, which had purchased the brand, was liquidated.
Glanbia, the International dairy food group, bought the Kerry Group’s Limerick based milk business back in January 2011. The deal included both the Golden Vale and Dawn brands. As part of the integration of the business into Glanbia Consumer Products, the Lansdowne production and Clare Street facilities were closed with the loss of 65 jobs.
The development land of 6.35 acres on the North Circular Road would have commanded anything up-to €30million during the boom.
The building complex includes a massive limestone factory building that casts a strong presence on the west bank of the River Shannon.
The DTZ’s team is seeking offers in excess of €3.5million for the 2.57 hectares.
