Deka Immobilien has announced its first logistics investment in Ireland with the acquisition of a modern logistics centre in Ashbourne, Meath County/Dublin.
The property, part of the Ashbourne Business Park, offers a total rental area of 33,379 square meters. The purchase price is estimated at approximately €70 million.
The newly constructed logistics centre, completed earlier this year, is strategically located near the M2 and M50 motorways, providing easy access to Dublin's city centre, airport, and port. Given its prime location, strong demand for logistics space is anticipated.
The transaction involves two separate buildings with modern warehouses, office spaces, and a central delivery yard. It is being carried out as a sale-and leaseback arrangement for the Deka-ImmobilienGlobal fund.
Irish logistics provider Primeline Group has signed a long-term (20-year) lease for the property. The units are designed to meet Nearly Zero Energy Building (NZEB) standards, with two photovoltaic systems providing approximately 30% of the total energy needs. Ashbourne, already home to several Primeline facilities, is a strategic location for the company.
Source: propertyeu.info on the 11th of October