The detached logistics facility was built by Rohan Holdings in 2017 as a new EU distribution hub for Holland & Barrett. Holland & Barrett’s distribution strategy for the EU subsequently changed and the building was offered to the market to let by way of sub-lease / assignment.
The property comprises a gross external floor area of approx. 65,369 sqft including 8,654 sqft of offices. The warehouse has a clear internal height of approx. 12m and loading access is via 6 dock levellers with tailgate loading and 4 ground level roller shutter doors. The property has the benefit of a 31m x 115m fenced yard.
DHL Global Forwarding (Ireland) Limited have taken occupation of the building under the terms of a sub-lease from June 2023 until January 2032 at an annual rent equating to €10.75 psf pa incorporating a 3 month rent free period.
Dublin Airport Logistics Park is one of Dublin’s premier logistics destinations and is home to a range of high quality tenants including Gilead, Harvey Norman, Avantor & Geodis amongst others. Interestingly, DHL also occupy two other buildings at the park. The park has the benefit of immediate access onto the M2 and is less than 2kms from J5 on the M50. The Airport and the Port Tunnel entrance are within a 15 minute drive of the park.
According to Gavin Butler of the sole selling agent Savills “with the vacancy rate in Dublin at an all-time low of just over 1%, it was no surprise that the property generated interest from multiple parties. Its’ layout, modern specification and unrivalled location within minutes of the M50 were key in attracting potential tenants.”