Park Developments’ Logistics Division has commenced construction on the first phase of a new €35 million logistics development at Northwest Logistics Park in Ballycoolin, Dublin 15. The project will create 120 jobs during the construction phase alone.
Park Developments Group recently secured planning permission for six logistics facilities totaling approx. 21,650 sqm (233,000 sqft) with unit sizes ranging from 1,394 sqm (15,000 sqft) up to 7,254 sqm (78,000 sqft).
Construction on the first of these buildings is currently underway. The proposed facility, Unit 629 Northwest Logistics Park, comprises approx. 4,646 sqm (50,000 sqft) including approx. 376 sqm (4,047 sqft) of high quality offices. The proposed facility will be finished to the highest specifications and has a clear internal height of 15m, 5 loading bays, 2 ground level roller shutter doors and a yard depth of 37m.
Park Developments Group is one of the most established and successful developers of logistics space in Ireland for over thirty years. Successful developments include M50 Business Park in Ballymount which includes Fashion City, Ireland’s only dedicated fashion wholesale destination.
Other recent developments by Park Developments Group include Northwest Business Park, Ballycoolin, Dublin 15 and Northern Cross Business Park, North Road, Dublin 11 where over 1.4 million square feet of logistics space has been developed. Consequently, Park Developments Group has gained an excellent reputation for its professionalism and the delivery of high quality space on time and within budget.
The logistics sector has witnessed strong levels of interest from occupiers in both the retail and parcel delivery sectors as a result of the surge in online sales throughout Ireland in recent times according to Dick Cuddihy of Park Developments Group “This, combined with an all-time low vacancy rate of 3.2% in Dublin and continued growth in the more traditional sectors, means there has never been a better time to re-enter the logistics development market.”