Furniture retailer DFS has taken space at Green REIT’s Horizon Logistics Park at Dublin airport.
The unit comprises 33,000 sq ft and is due for completion by the end of April. DFS will pay €300,000 (£263,000) pa on a 15-year lease term and a 10-year break.
Horizon Logistics Park provides short-, medium- and long-term options to Green REIT for further development. Following the acquisition of a further 164 acres in December 2016, the company’s holding comprises 264 acres of land at the intersection of Dublin Airport and the M50 motorway, with access to Dublin Port facilitated through the nearby Dublin Port Tunnel.
Paul Culhane, development director of Green Property REIT Ventures, said: “This letting adds to the good momentum generated at Horizon Logistics Park, which will be strengthened further by the construction of the 80,000 sq ft unit that has been prelet to Kuehne+Nagel to support its expansion plans in Ireland.
“The letting to a tenant of DFS’s calibre further supports our strategy to build a combination of speculative and purpose-built units at the logistics park, in what was the strongest performing real estate sector in Ireland in 2016.”
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