Currently operating as a farm, the site is located at the Cherryhound interchange of the M2 motorway, and increases Iput’s logistics land holdings in Dublin to more than 100 acres. Iput plans to seek planning permission for the site and is happy to begin construction without having lettings in place. Logistics assetsIput currently has 2.5 million square feet of logistics assets, which it says is the largest such portfolio in Ireland. It also has a pipeline of 870,000sq ft of logistics space, with full planning permission, under development at both Aerodrome Business Park in southwest Dublin and Quantum Distribution Park near Dublin Airport. The Cherryhound site has the potential to add 600,000 to 700,000 square feet of space, to bring Iput’s total to more than four million square feet.

Source: The Irish Times May 28, 2021 04:10 UTC