On behalf of an institutional client, Waypoint Asset Management has acquired a logistics warehouse in Dublin for €8.65 million. The property is located in Stadium Business Park, Ballycoolin, on the orbital motorway of Dublin and in close proximity to Dublin Airport and Dublin’s Port Tunnel.
It consists of a modern detached high bay warehouse facility situated in the Northwest Dublin area and benefits from profile onto the Ballycoolin Road and is at the entrance to Stadium Business Park. The property has 8 no. dock levellers and 1 no. grade level door. The property extends to 78,265 sq ft, and is situated on a site of approx. 3.5 acres. It is let to Viking Direct (Ireland) Limited on a 20 year FRI lease from 24th August 2007.
Mike Riley commented on the acquisition, "we are delighted to have successfully completed our client's first acquisition in Ireland. The property is a core industrial unit located in Ireland’s prime distribution area."
Investment agents, Cushman and Wakefield, advised Waypoint.