International retailer Harvey Norman has signed a deal with Iput for 91,524sq ft of space at the Irish property investment group and developer's latest logistics scheme in Dublin.
The Australian-headquartered furniture and household appliances giant has agreed to occupy the unit, which is under construction and due for delivery in November 2022, on a 20-year term. The facility is being built to the highest sustainability standards in the market with LEED Gold, BREEAM Excellent and BER A3 ratings.
Kilshane Cross
Unit 2 is one of four logistics buildings Iput is due to deliver as part of the wider 550,000sq ft Quantum Distribution Park at Kilshane Cross. The development has been designed to be sustainable and will incorporate natural amenities, employee health and wellbeing areas, art installations and a central plaza for outdoor collaboration.
In terms of its location, the scheme is situated a short distance from Dublin city centre and close to Dublin Airport and major axis routesM50, N2 and the Dublin Port Tunnel.
Construction schedule
Outside of its delivery of unit 2, Iput has also commenced the development of unit 3 (178,000sq ft) while construction of units 1 (206,000sq ft) and 4 (73,000sq ft) is expected to get under way in 2022. Philip Harvey of Harvey and Garrett McClean of CBRE have been appointed as joint leasing agents on the scheme.
While Iput currently has a portfolio of 2.5 million square feet of logistics assets, there is potential to increase that figure to about four million square feet through the development of its existing land holdings. The company has 870,000sq ft of logistics space under development at Aerodrome Business Park and Quantum Distribution Park. It also has the potential to add a further 600,000sq ft of logistics space at Nexus Distribution Park.
