DUBLIN'S latest business park, Park West, has already secure commitments for over 100,000 square feet of warehousing space only months after being launched on the market. The 70-acre complex, one of a new generation of business parks, is close to the interchange of the M50 and the Naas Road in west Dublin. Distribution company Silkmore Ltd is shortly to begin development work on a 70,000-square-foot warehouse which will be located on a 3.4-acre site. The company has also taken an option on a further three acres. Sites are priced at £150,000 per acre. Food company All in All Ingredients is to occupy a unit of 10,000 square feet while Perryline Ltd is to build a 20,000-square-foot plant for letting. Another speculative building of 63,000 square feet to be developed in the coming weeks will be for available in units of 6,000 square feet to 10,000 square feet at a rent of £5 per square foot.
Joint agents Lambert Smith Hampton and Palmer McCormack are currently negotiating with a number of other tenants and investors and when these deals are completed more than 200,000 square feet of space will be committed. There is planning permission for 750,000 square feet in the first phase and when the entire park is developed it is likely to reach around three million square feet.
Developers Pat Doherty and Gerry Maguire say that while Park West will probably be the best-located business park in the greater Dublin area, occupiers also wanted an attractive working environment and a high degree of security. The promoters and the Office of Public Works are to upgrade the Grand Canal, which forms a boundary to the site. On a security level, Mr Doherty's company has recruited a former Garda chief superintendent, John Courtney, to take overall responsibility for Park West.
