IPUT Real Estate, Ireland’s leading property company and the largest owner of offices and logistics assets in Dublin, announces the acquisition of 118 acres of development land in north Dublin, which will enable it to double the size of its logistics portfolio to c. 5.5 million sq ft.
The newly acquired site is strategically located less than 20 minutes’ drive from Dublin airport, off the M2 and close to the M50 orbital motorway, and adjacent to IPUT’s Nexus Distribution Park development. Combined with Nexus, the new development will create one of the largest and most sustainable single ownership logistics parks in Ireland. Of the 118 acres of land acquired at Killamonan, 100 acres are zoned for industrial use.
Subject to master-planning and permissions, Killamonan has the potential to add up to 1.6 million sq ft of logistics assets, increasing IPUT’s portfolio to close to 5.5 million sq ft in total.
IPUT owns a portfolio of 2.5 million sq ft of logistics assets, making it the largest prime logistics portfolio in Ireland. Master-planning is underway for the development of 750,000 sq ft to create Nexus Distribution Park on a 64-acre site acquired in 2021. IPUT has a further 700,000 sq ft of logistics space under development at Quantum Distribution Park, which is less than a 10-minute drive from the new investment, and at Aerodrome Business Park in west Dublin.
Across each of these developments, IPUT intends to set the highest standard for logistics development in Ireland, including a minimum of LEED Gold or BREEAM Excellent ratings for all buildings.
Source: www.IPUT.com on the 28th of April