MJM Group has agreed a deal to buy the former military base at Ballykelly in Co Londonderry as part of a major investment plan that will take the company into new markets.

MJM Group plans to create over 100 jobs in the short term on the 621.5 acre site and will provide a range of facilities benefitting the local community.

First Minister Arlene Foster MLA and deputy First Minister Martin McGuinness made the announcement today.

Owned by Brian McConville and headquartered in Newry, MJM has become renowned for the refurbishment of cruise liners, ferries, yachts and all kinds of high end public and private buildings. The company plans to use the new site to extend its offer into the private jet market.

Jarlath Quinn, MJM’s Group Chief Executive said: “We are delighted to have been the successful bidder to purchase this 600 acre former military site in Ballykelly.

“We will endeavour to develop the site by establishing a number of new business ventures on the site such as a facility to refurbish and fit out private jets as well as having a specialist fabrication business on the Shackelton site and therefore creating significant employment in the local area.

“Other business ventures under serious consideration by us are the creation of one of the largest solar panel plants in Europe with the development of a 60MW Solar Farm at a cost of £60m.

“In addition MJM Group could also continue to facilitate the use of the site by film crews and would accommodate other business proposals from interested parties to help further develop the site to help achieve its full potential.”

Brian McConville the Group Chairman added: “We believe our proposal clearly stated our initial plan was to create a 100 jobs on site however it is my vision that at Ballykelly there will be at least 1,000 jobs on this site once it is fully developed as the opportunities that it will present are enormous. Our proposal also demonstrates significant benefits that will be attractive to the local community as a result of the MJM proposal to develop the site over the next number of years and also highlights the environmental benefits which arise as a result of this proposal. This is indeed a very historic day for MJM and our management team.”