IPUT Completes Largest Dublin Logistics Letting Since 2010 - Construction Network Ireland - Construction Network Ireland

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Published in Commercial Property on 22/04/2020

IPUT Completes Largest Dublin Logistics Letting Since 2010

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CNI Editor reports

IPUT have facilitated a new lease agreement with Dunnes Stores in Damastown Business Park and as part of the same transaction, relocated GEODIS to our property in Dubln Airport Logistics Park.

IPUT has negotiated a 20 year lease with Dunnes Stores for the 325,000 sq. ft. unit. This lease follows on from the successful letting of our 185,000 sq. ft. modern logistics unit at Unit 1 Dublin Airport Logistics Park to GEODIS.

Michael Clarke, Head of Investment at IPUT Real Estate Dublin, said: “We are pleased to have been able to successfully facilitate the move of one of our existing occupiers and the expansion of another within our portfolio. These two transactions, which have provided GEODIS with a new state of the art logistics facility, while also satisfying the growth requirement of our valued occupier Dunnes Stores, are a result of the relationship we have with our occupiers and the diversity of our logistics portfolio.”

As the largest owner of logistics assets in Dublin, and with a strong development pipeline, IPUT are well-positioned to meet the demands of existing occupiers and attract further multinational companies over the coming years.”