Saturday 17 March 2018

More than 40 acres of land available in west Dublin

CBRE is selling these 40.74 acres at Profile Business Park in west Dublin.
CBRE is selling these 40.74 acres at Profile Business Park in west Dublin.
Peter Flanagan

Peter Flanagan

More than 40 acres of development land in west Dublin has been put on the market.

CBRE have been retained as agents for the land which it describes as "fully serviced shovel ready prime land".

The 40.74 acre property is available in one of more lots at Profile Business Park in Dublin 22.

CBRE refused to be drawn on an asking price for the property. Industry experts however note than similar properties have fetched more than €185,000 per acre. At that estimate, this property would likely sell for in the region of €7.5m.

The sale will comprise four lots; Lot 1 comprises the entire 16.49 hectares (40.74 acres) land holding. Lot 2 comprises approx. 7.31 hectares (18.05 acres). Lot 3 comprises approximately 4.81 hectares (11.88 acres) while Lot 4 comprises approx. 4.37 hectares (10.81 acres). The subject lands are zoned as Enterprise Priority 2 (EP 2) under the South Dublin County Development Plan 2010 - 2016.

Profile Business Park is already a well-established data centre hub, based on the high calibre of the park's two existing occupiers, Digital Realty Trust and Google.

Other major global occupiers in the immediate vicinity include; Aryzta, Microsoft, Pfizer, Telecity and Wyeth.

According to CBRE, Profile Business Park offers a "secure business environment with internal road and services infrastructure in place; providing ready to go development sites".

"There is also a unique development opportunity to complete this world class business park, which has been developed to the highest standards to date," it said.

The strategically located land holding is situated on the Nangor Road (R134) adjacent to its junction with the new Outer Relief Road (R136), which is 2km from the Naas Road (N7), 4km from the N7/M50 Junction, 15km from Dublin City Centre and less than 25km from Dublin Airport.

Garrett McClean, Executive Director of CBRE commented: "We are expecting strong interest from both specialized data centre developers as well as traditional developers given the level of existing infrastructure in place and high quality environment, combined with the solid recovery in the broader industrial and logistics sector. It is one of the most interesting and well serviced industrial land opportunities to come to the market in recent times".

The T50 fibre network runs along the Nangor Road immediately north of Profile Business Park and along the Baldonnell Road immediately to the south providing for unparalleled fibre connectivity.

The T50 Fibre Optic Network links the Global Crossing landing point in North Dublin with the National Digital Centre at Citywest.

The data centre market has seen a spate of growth in recent years.

Google opened its fiorst data centre in Ireland in 2012, and numerous other tech firms have followed suit.

Apple is planning to spend more than €800m on a data centre in Galway.

The company was granted planning permission last month for the cente at Athenry. That 500 acre site is expected t be completed in 2017.

Ireland has become a favourite for data centers given its cool cliimate. The centres tend to run at high temperatures and so businesses prefer to locate them in cooler climates around the world.

Indo Business

Business Newsletter

Read the leading stories from the world of Business.

Also in Business