Thursday 17 October 2019

Data with destiny: CyrusOne paid €10.5m for sites at business park

Site: A rendering of the CyrusOne data centre
Site: A rendering of the CyrusOne data centre
John Mulligan

John Mulligan

US real estate investment trust CyrusOne paid €10.5m for two sites at the Grange Castle Business Park for a massive data centre being built by the Dallas company.

The largest of the sites was bought from South Dublin County Council, which owns the park, for almost €7m.

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Newly filed accounts for CyrusOne's Irish arm revealed the purchase price of the two sites, where the firm is constructing the €400m-plus co-location data centre which will extend over 360,000 sq ft in three buildings.

The accounts show that CyrusOne paid just under €7m for the "purchase right to use land" at Grange Castle in 2018, and also completed the acquisition of an adjacent parcel of land, which included three residential properties, for €3.5m.

Irish Independent

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