Ireland’s 'largest' speculatively built logistics facility available to let

Having successfully let Building One at Greenogue Logistics Park, Palm Logistics is now bringing a second building at the development park to the market. Building Two, located 22km from Dublin city centre, is, according to the developer, Ireland's largest speculatively developed logistics facility, extending to 26,674sq m (287,120sq ft). The property is ready for immediate occupation.

In terms of its specification, the unit comes with a clear internal height of 12.5m, 23 dock-level doors and three grade level roller shutter doors located on total site area of 5.3 hectares (13.15 acres). The facility has clear sustainability credentials, with LEED silver accreditation, giving potential occupiers the ability to meet their own ESG targets, while benefiting from significant savings on utility costs.

Greenogue Logistics Park was developed by Palm Logistics, an affiliate of UK-based real estate private equity firm Palm Capital and its local partner, Jordanstown Properties. The overall development is expected to be valued at about €85 million upon completion.

‘Unique opportunity’

The facility extends to a total gross external area (GEA) of 15,557sq m (167,463sq ft), and is being brought to the letting market by joint agents CBRE and Savills. It is located just 750m from the N7, and less than 10km from the M50 motorway, which provides access to all main arterial routes to and from the capital.

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Last October Palm Capital announced its first letting at the purpose-built warehouse scheme to Tosca, a global solutions provider.

According to agents Garrett McClean of CBRE, and Gavin Butler of Savills, Building Two offers “a unique opportunity for large-scale occupiers in a supply-constrained market”.

“Building Two provides the key attributes that modern-day logistics occupiers now demand such as high-bay warehousing, excellent building configuration as well as solid ESG credentials. We expect to see significant interest from a number of parties in the coming weeks.”