IPUT plc , Ireland’s leading property company and the largest owner of offices and logistics assets in Dublin, announces it has facilitated a lease assignment from global logistics leader GEODIS, to Dunnes Stores. As part of this transaction, IPUT has negotiated a 20 year lease with Dunnes Stores for the 325,000 sq. ft. logistics unit, which is in Damastown Business Park, Mulhuddart, Co. Dublin,
This lease follows on the successful letting of IPUT’s 185,000 sq. ft. modern logistics unit at Unit 1 Dublin Airport Logistics Park to GEODIS.
IPUT owns a substantial logistics portfolio extending to over 2.4 million sq. ft., comprising 30 properties which are situated in strategic locations across Dublin. Existing occupiers include DB Schenker, DHL, Dunnes Stores, GEODIS, IKEA, Musgraves, BWG, Nightline Logistics, Sonas Bathrooms and Uniphar.
Source : Company