Park Developments has agreed the sale of a portfolio of prime logistics units at Northwest Logistics Park to a fund managed by Savills IM for circa €47.9m. The portfolio comprised four modern high spec buildings extending to over 242,000ft² in total and let on long-term leases. Northwest Logistics Park is one of Dublin’s premier logistics locations, ideally positioned convenient to the M50, Dublin International Airport, Port Tunnel and all of the main arterial routes from Dublin city.
The sale demonstrates the continued success of Northwest and its attractiveness to both occupiers and investors. The park has an excellent track record of attracting occupiers of the highest calibre and further opportunities are available with 80 acres of undeveloped land and planning permission in place for three new industrial and logistics facilities ranging in size from 40,000 – 120,000ft², two of which are currently under construction.