There are many opportunities for people to invest in lands these days as there are also a lot of people willing to sell and if negotiated it could be done just right with both parties walking away happy. But this is not always the case as if one offer is not right then there are probably better offers out there. But this also depends on the severity of the situation and other factors. This is exactly what happened when it came to this new warehouse that was taken up by Hub Logistics.
The sheer strength of demand and corresponding dearth of supply of large-scale logistics units available for immediate occupation is expected to see a deal signed shortly on a new facility at the Hub Logistics Park in Dublin. Joint agents Harvey and JLL are understood to be in discussions with a number of potential occupiers, but have yet to agree terms in relation to the letting of unit A02, a high-bay warehouse of 10,340sq m (111,300sq ft.) including 661sq m (7,115sq ft.) two-Storey offices. The property, which has just reached practical completion, has been designed to include a 13m clear internal height, an FM1 joint less floor, 10 dock levelers and a 50m-deep service yard with dual access and 50 truck parking spaces. Sprinkler-ready infrastructure is also being provided by the developer.
Unit A02 carries a strong A2 BER rating and features 110 roof-mounted PV panels, rainwater harvesting and high thermal performance cladding panels. Ground works have been completed on the adjoining unit A01 offering scope for the potential occupier to combine the property with unit A02 to provide an overall floor area of 18,580sq m (200,000sq ft.), subject to planning permission to link the two buildings. The Hub Logistics Park is located adjacent to Facebook’s data center complex, just off the M3 motorway and 10 minutes’ drive from junction 6 of the M50. The scheme is a secure, managed development with CCTV and supervised 24-hour access. The development has a direct connection to the T50 fiber optic network and has a large power supply as well as access to natural gas. The quoting rent for unit A02 is €107.64 per sq. m (€10 per sq. ft.) on the basis of a new, long-term lease.
