One of Dublin's longest-established business parks, the 30-year-old Westlink industrial estate in Ballyfermot, Dublin 10, has been sold by Irish Life for over €7.5 million.
The new joint owners, the Irish-based development and investment group Ardale Property and the UK's C2 Capital, plan to upgrade the facilities which include 31 units with an overall floor area of 16,722sq m (180,000sq ft).
Ardale, run by husband and wife team Alan Hegarty and Emma Maye, has a landbank capable of catering for over 1,000 homes in the greater Dublin area as well as five food-driven schemes in the development stage.
HWBC acted for Irish Life and JLL advised the new owners.
