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Irish Independent
4 days ago
- Business
- Irish Independent
Midlands industrial and logistics lots offer choice of strategic locations
The Athlone property comprises an investment and a development site sale with a €7.5m guide price. The Longford property is available for sale or let seeking offers in excess of €9.75m for sale, or €70 per sqm (€6.50 per sqft) on flexible lease terms. Arrow Capital Partners is reported to be the vendor of the Longford property which comprises a detached high-bay logistics facility. Joint agents TWM and CBRE say the guide price for this former Masterlink Logistics property is well below replacement cost. Extending to 153,614 sqft, the purpose-built warehouse is located on the outskirts of the town and is strategically located in the midlands to suit distribution, warehousing or manufacturing operations serving the whole country. Occupying a substantial 9.44-acre site, the property comprises a warehouse area of 139,225 sqft and two-storey integral offices of 8,580 sqft. The warehouse is of steel frame construction with reinforced concrete flooring and an insulated metal deck roof and it is divided into ambient and bonded sections. It offers a clear nine-metre internal height as well as access via 15 dock levellers and eight grade-level doors. It also benefits from a B2 BER rating. The integral offices provide a mix of open-plan and cellular spaces and include a canteen. In Athlone the combined site area extends to 12.08 acres of which 6.38 acres is let to Heat Merchants Ltd and this letting includes an industrial premises extending to 111,000 sqft. Located on the Moydrum Road, the sale also includes an adjoining but separate 5.7-acre site. Agent Ollie Lyons of JLL says the adjoining site presents further opportunities for development as it is zoned 'employment and enterprise' under the Athlone Town Development Plan 2014-2020 which is the current plan. Heat Merchants supplies heating, plumbing and renewable energy solutions for both domestic and commercial projects. The property is owned by Harleston Ltd, owners of Hevac, a provider of sustainable HVAC systems to the commercial, industrial and high-density residential sectors. The Heat Merchants lease extends to 10 years dating from June 30, 2022 and its current passing rent amounts to €450,000 per annum. Moydrum is an established industrial location just off junction 9 on the N6 motorway and about 1.5kms on the eastern side of Athlone town, Co Westmeath. The property's strategic midlands location, quality tenant profile, attractive yield and development potential is expected to appeal to investors seeking exposure to the industrial market.
Irish Times
28-05-2025
- Business
- Irish Times
Arrow Capital Partners seeks €9.75m for Longford logistics facility
Arrow Capital Partners, the specialist investor, developer and manager of real estate in Ireland, Europe and across the Asia-Pacific region, has retained TWM and CBRE as joint agents for the former Masterlink Logistics facility in Longford. The property is available for sale with the benefit of vacant possession at a guide price of €9.75 million, or to let on flexible lease terms at €70 per square metre (€6.50 per square foot). Positioned on a 9.44-acre site on the outskirts of Longford town, the building comprises a detached high-bay warehouse of 12,933.73sq m (139,225sq ft) and two-storey offices of 797.16sq m (8,580sq ft). The warehouse is of steel-frame construction with reinforced concrete flooring and an insulated metal deck roof and is divided into ambient and bonded sections. It has a clear internal height of 9m, with access via 15 dock levellers and eight grade-level doors. READ MORE The offices are a mix of open-plan and cellular spaces and include a boardroom and canteen. Internal finishes include plastered and painted walls, suspended ceilings, recessed lighting and a combination of timber and carpet floor coverings. The property has a B2 Ber rating. Commenting on the sale, Sarah Winters of TWM said: 'We expect this asset to attract attention from occupiers, owner-occupiers, and investors, as it is seldom that such a significant development becomes available in the heart of the country. Priced at well below replacement cost, and with limited availability of modern logistics space outside the Greater Dublin Area, this is an opportunity to secure a significant operational facility.' Stephen Mellon of CBRE said: 'There has been no speculative development of such facilities in the midlands since the early 2000s. This refurbished high-bay logistics facility provides a 'ready-to-go' solution for logistics operators seeking space in the region. With a modern build, a high Ber rating of B2, significant parking and circulation areas and a central location near major road networks, this is a superb opportunity for logistics and industrial occupiers to either expand or establish a presence in the midlands.'
