D15 ware­house and of­fice unit for €8.6m due to be built by sum­mer

The Irish Times - Business - - COMMERCIAL PROPERTY -

A ware­house and of­fice unit un­der con­struc­tion in an es­tab­lished lo­gis­tics de­vel­op­ment in Bal­ly­coolin, Dublin 15, is avail­able to rent at €475,000 or buy for €8.6 mil­lion through agent Sav­ills.

Unit 629, which will be ready for oc­cu­pa­tion by sum­mer 2019, is the first phase of a new ex­ten­sion to Park De­vel­op­ments’ North­west Lo­gis­tics Park.

It will have 4,646sq m (50,000sq ft) of space, in­clud­ing 376sq m (4,047sq ft) of of­fice space, with a clear in­ter­nal height of 15 me­tres, five load­ing bays, two ground-level roller shut­ter doors and a yard depth of 37 me­tres.

Plan­ning per­mis­sion

Park De­vel­op­ments has plan­ning per­mis­sion for six new lo­gis­tics fa­cil­i­ties at North­west to­talling 21,650sq m (233,000sq ft) with unit sizes from 1,394sq m (15,000sq ft) up to 7,254sq m (78,000sq ft). The €35 mil­lion de­vel­op­ment is within 200 me­tres of the N2/N3 link road which pro­vides dual car­riage­way ac­cess to the N2, N3 and on to the M50 and Port Tun­nel.

Dick Cud­dihy of Park De­vel­op­ments says that the lo­gis­tics sec­tor has wit­nessed “strong lev­els of in­ter­est” from oc­cu­piers in the re­tail and par­cel de­liv­ery sec­tors as a re­sult of a surge in on­line shop­ping.

Lo­gis­tics and in­dus­trial prop­erty has ex­pe­ri­enced growth in rents and cap­i­tal val­ues in the past two years as other sec­tors of the mar­ket have plateaued.

The of­fice unit also avail­able to rent for €475k is part of new ex­ten­sion to North­west Lo­gis­tics Park

Kate MacK­rell and David Go­gan (right) of Dublin-based ODOS Ar­chi­tects re­ceive their Ar­chi­tec­tural Prac­tice of the Year award from An­drew Treacy (cen­tre) at the Build­ing & Ar­chi­tects func­tion in Dublin. ODOS Ar­chi­tects, part of an in­ter­na­tional prac­tice, was nom­i­nated in three cat­e­gories recog­nis­ing its work on More­hamp­ton Mews of­fice de­vel­op­ments for in­ter­na­tional mar­ket­ing con­sul­tants Rothco/Ac­cen­ture and the EMEA head­quar­ters of Stay City.

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