Principal Asset Management has acquired a life sciences asset in Galway, its first acquisition in Ireland for LOG IN, the European logistics and industrial fund managed by Theoreim.
The asset comprises two buildings, totalling 5,000 square metres, providing warehouse space, laboratory rooms, research space and offices. It is let for a fixed term of nine years to a company that designs and manufactures medical equipment.
Located in the west of Ireland, Galway is distinguished by its leading scientific and university ecosystem, offering a pool of talent essential to companies in the medical sector. The asset benefits from its proximity to the M6 motorway, which connects Galway to Dublin in just 2.5 hours, as well as two airports and the port of Cork.
Source: IREI on 27 February 2025
https://irei.com/news/principal-acquires-life-sciences-asset-in-galway-in-debut-irish-transaction-for-european-logistics-fund-log-in/