Plans for the site near The Junction retail park have been submitted by Errigal Group who bought the industrial estate in 2019.
At present, the space is being leased to tenants for warehousing, distribution and showroom.
Since it’s purchase, the company has conducted £2m worth of upgrade works.
It’s envisioned that the project will consist of more than 1.7m sq ft of warehouse and distribution space, with over 900,000sq ft (83.6sq m) of new-build space, and a solar farm.
Cormac McCloskey Joint Managing Director of the Errigal Group said: “When it was first built, the Enkalon Business Park was one of the largest and most modern industrial parks in Europe and made a significant economic contribution to the local area.
“Our aim is to revitalise the site, restoring it to its former glory and bringing it up to date with the latest technology and design.”
Pre-application discussions are to begin later this month, with a public consultation beginning in February.
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