Ireland’s landlord IPUT said on Wednesday that it has completed the largest logistics leasing deal in Dublin since 2010 having signed a 30,200 m2 lease to Dunnes Stores.
As part of this transaction, IPUT has negotiated a 20-year lease with the occupier for the logistics unit, which is in the Damastown business park, near Dublin,
This lease follows on the letting of IPUT’s 17,187 m2 modern logistics unit at Unit 1 Dublin Airport Logistics Park to Geodis.
Michael Clarke, head of Investment at IPUT plc, said: ‘We are pleased to have been able to successfully facilitate the move of one of our existing occupiers and the expansion of another within our portfolio. These two transactions, which have provided Geodis with a new state of the art logistics facility, while also satisfying the growth requirement of our valued occupier Dunnes Stores, are a result of the relationship we have with our occupiers and the diversity of our logistics portfolio.’
IPUT owns a substantial logistics portfolio extending to almost 223,000 m2., comprising 30 properties which are situated in strategic locations across Dublin. Existing occupiers include DB Schenker, DHL, Dunnes Stores, GEODIS, IKEA, Musgraves, BWG, Nightline Logistics, Sonas Bathrooms and Uniphar.