In the first instance, an as-yet unidentified party is understood to have entered into exclusive talks on the potential €53 million purchase of a portfolio of three warehouses being developed by Jordanstown Properties at Greenogue Logistics Park at Rathcoole in southwest Dublin. Upon completion, blocks D, E and F will extend to 62,000sq ft, 72,000sq ft and 111,000 sq ft respectively, or a combined footprint of 245,000sq ft. Developed by Palm Logistics, an affiliate of UK-headquartered Palm Capital and its local partner, Jordanstown Properties, Greenogue Logistics Park is well located within a two-minute drive of junction 4 of the M7/N7 and just seven minutes to the M50 (junction 9). News of the two deals comes amid a flurry of activity in the Dublin logistics market, with competition for both vacant and tenanted properties proving to be intense. The scheme comprises some 1.46 million sq ft of warehouse and office space and is set on a 195-acre site.

Source: The Irish Times March 03, 2021 06:00 UTC