Chancerygate and Bridges Fund Management have secured planning permission for a €40m (£33.8m) five-acre urban logistics park in Dublin.
The Airport Trade Park scheme will comprise 119,500 sq ft of grade-A space across 14 buildings on Swords Road in Santry, a suburb on the north side of the city.
The joint venture bought the site from Carey Building Contractors in May 2022.
Ed Dobbs, development director and head of Chancerygate’s Irish office, said: “We know there is high demand from occupiers for modern, sustainable urban logistics accommodation with convenient transport links within the Greater Dublin area.
“Now that planning has been granted, it marks an important milestone in our strategic expansion into Ireland and further into continental Europe.”
Bridges Fund Management partner Guy Bowden said: “We intend to draw on our experience of working on similar projects in the UK to deliver one of the most sustainable industrial buildings in Ireland, which we believe will be attractive to a range of occupiers looking to reduce their running costs, as well as their impact on the planet.”
CBRE and Lisney are agents for the Airport Trade Park scheme.
Image © Chancerygate
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