The developers behind Dublin’s Greenogue Logistics Park have secured the largest, single industrial transaction of the year with an agreement to pre-let a new purpose-built warehouse to Irish-listed healthcare group, Uniphar.
The new facility, which is being developed by Castlebrowne on behalf of Con McCarthy’s Jordanstown Properties, will, upon completion, comprise 322,000sq ft of LEED-certified floor space distributed across a warehouse with a clear internal height of 20 metres, two-storey mezzanine warehouse area, three storeys of ancillary office accommodation, staff facilities, a plant room and plant area on two floors. The building itself will rise to a height of 23.7 metres.
The development of Unit C, the base construction costs of which are expected to reach at least €42 million, will also include a heavy goods vehicle (HGV) yard with 14 dock levellers and 16 van loading level entry doors, along with a car parking and bicycle parking area.
The agreement of the deal with Uniphar represents a major coup for Jordanstown Properties. The company has through its sister company, Sandymark Investments, developed more than 3 million sq ft over the past 25 years at Greenogue for both national and international occupiers.
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‘I could have gone to California. At this rate, I probably would have raised about half a billion dollars’
Uniphar is a multifaceted international business that provides integrated services to more than 200 multinational pharmaceutical and medical technology manufacturers. It also has a substantial presence in the Irish retail pharmacy sector, accounting for more than one-fifth of the market.
