MCD Property, acting on behalf of Arrow Capital Partners, has recently completed the acquisition of an exceptional office and logistics facility, at Orion Business Campus, Northwest Business Park, Ballycoolin, Dublin 15.
Unit 4 comprises a modern detached office and industrial unit which extends to a total area of approx. 7,103 sq. m (76,454 sq. ft.) on a site of approx. 1.44 ha (3.56 acres). The building comprises a modern high bay logistics unit featuring 3 dock levellers, 3 standard grade doors and a clear internal eaves height of approx. 12.0 meters. There is a linked two storey office building comprising a feature full height reception and two floors of modern open plan office accommodation.
The entire is occupied by VWR International Limited under the terms of a 25 year lease from 2006 with over 10.5 years unexpired. VWR are part of Avantor, a Fortune 500 company, which operates in the life sciences, pharmaceutical and healthcare sectors.
The property is situated in the successful Northwest Business Park, a substantial park located approx. 4.0 kms from the M50 Motorway whilst it benefits from excellent accessibility to Dublin Airport and the Dublin Port Tunnel.
The property has been purchased by Arrow Capital Partners for its €3bn Strategic Industrial Real Estate (SIRE) Fund. The property was sourced and acquired off market by JP McDonagh of MCD Property. Andrew Watt of Melford Property Consultants acted on behalf of the vendor, a private investor.
JP McDonagh of MCD Property comments that “the proposition was a compelling opportunity comprising a modern industrial facility in an established business park close to all strategic transport links with a long unexpired lease term and which is let to an excellent tenant”
For further information, please contact JP McDonagh of MCD Property at (01) 554 7355.