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Check this: Let’s Get Checked has signed a lease on Unit 1 Northern Cross

Check this: Let’s Get Checked has signed a lease on Unit 1 Northern Cross

Check this: Let’s Get Checked has signed a lease on Unit 1 Northern Cross

Let's Get Checked, which has added a Covid-19 test kit to its range of health tests, has signed a lease on a second Dublin industrial property in less than six months.

The deal is one of a number of industrial and logistics transactions the market has seen in recent weeks.

Let's Get Checked, which was founded by Peter Foley, has taken a lease on Unit 1 Northern Cross, Finglas, Dublin 1, at an annual rent which is close to the €323,355 (€8.95 per sq ft) exclusive quoted by joint leasing agents, CBRE and Harvey.

Let's Get Checked is currently experiencing increased demand from the current pandemic along with strong growth for its other tests. Earlier this month the company raised about €65.4m in a funding round that will support its move into testing for Covid-19.

Unit 1's landlord, ECA Capital, was pleased with the new 10-year lease for the 36,129 sq ft unit.

Only last December, the testing company took a lease on a 19,471 sq ft industrial unit at 32 Lavery Avenue, ParkWest, in Dublin, from the landlord Harcourt Developments.

Meanwhile, the same property agents also signed up Dutch firm GLS Logistics to take Unit 200 Northwest Business Park, Ballycoolin, Dublin 15, for close to the quoted €635,000 annual rent. That equates to about €8.50 per sq ft.

Extending to 70,267 sq ft on a low-density, 5.34-acre site, it will become GLS's principal Irish distribution hub.

GLS is encountering increased demand especially from business to consumer with business up about 85pc in this sector. Unit 200's landlord is Irish firm JMCM Properties.

Meanwhile, also in Northwest Business Park, an Irish owner occupier has purchased Unit 509, a detached warehouse and office property for more than €2m. Sales agent Harvey had been asking €1.95m for the premises which extends to 16,243 sq ft on a 1.1-acre site.

It is situated next door to the landmark Java Republic roastery and restaurant.

The completion of the sale follows the relocation of NPP Group to a new high bay 5,482 sq m (59,014 sq ft) facility in nearby Vantage Business Park that was recently completed by Erigo Group.

Unit 509 has an unobstructed warehouse area of 11,937 sq ft and benefits from a clear internal height of about 39ft with loading access via one full height level access door and one dock leveller.

To the front of the building, its accommodation includes two storey offices and staff facilities extending to 4,306 sq ft. Car parking for 24 cars is provided to the front and side.

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Kevin McHugh of Harvey said the building "generated a lot of interest due to its appealing design and 12-metre high warehouse, but the key attraction for many occupiers was the large, private yard and parking area".


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