Latest news with #industrialinvestment
Irish Times
7 days ago
- Business
- Irish Times
Prime industrial and development site in Athlone for €7.3m
A new industrial investment and development opportunity in Athlone, Co Westmeath , has come to the market with a guide price of €7.3 million. Given its location, its strong tenant profile, attractive yield and significant development potential, it may appeal to investors seeking exposure to Ireland's thriving industrial market. The property, which is located on Moydrum Road and is brought to the market by JLL , extends to approximately 10,324sq m (111,000sq ft) and is situated in an established industrial location, just off junction nine on the M6. It is fully let to Heat Merchants on a 10-year lease from June 30th, 2022 with a current passing rent of €450,000 a year. Also of potential interest is an adjoining site, of about 2.3 hectare (5.7 acres), which is available for sale. This presents further opportunities for development. The site is zoned 'employment and enterprise' under the Athlone Town Development Plan 2014 – 2020 (current plan). READ MORE 'The combination of a substantial 111,000 sq ft facility let to an outstanding covenant, and a separate 5.7-acre greenfield-development site, should make this offering particularly attractive in today's market,' says Ollie Lyons of JLL. The outlook for the industrial sector remains positive. A report earlier this year from CBRE cited increased levels of nearshoring, and strong consumer spending, as driving leasing momentum in the sector.
Irish Times
21-05-2025
- Business
- Irish Times
Fully let industrial investment in Dublin 17 for €4.6m
Agent Savills is guiding a price of €4.6 million for an industrial investment at Willsborough Industrial Estate in Clonshaugh, Dublin 17. The subject property, which comprises a detached warehouse of 2,723sq m (29,310sq ft) on a self-contained 2.2-acre site, comes for sale fully let to Gist Distribution Ltd on a four-year lease extension from May 1st, 2023, to April 30th, 2027, on a full repairing and insuring lease, subject to a schedule of condition. The property is currently generating annual rental income of €238,000 exclusive of all other outgoings. The tenant has signed a deed of renunciation waiving their renewal rights at the end of the term. The property is well located within the established Willsborough Industrial Estate, with access provided via the IDA Clonshaugh Business and Technology Park. Other occupiers in the area include BT, SolarSmart Energy, Amazon (AWS), DPD, GXO Logistics and Mail Metrics. [ Ireland's economic ties with US pose notable risks, European Commission warns Opens in new window ] [ Landmark IFSC office block on sale for a 70% cut on 2020 price at €25 million Opens in new window ] Willsborough Industrial Estate is a professionally managed development, offering a secure environment ideally suited to the needs of business. The scheme offers occupiers excellent connectivity and is located just 1.5km north-east of Dublin Port Tunnel, 5km south of Dublin Airport, 3km south-east of the M1/ M50 interchange and just 5km north of Dublin city centre. READ MORE Jarlath Lynn of Savills says: 'Given the highly competitive passing rent, there is scope for significant rental uplift along with future development potential given the site's low density nature. The relatively short residual lease term means it is likely to be of interest to owner occupiers also.'
Jordan Times
20-05-2025
- Business
- Jordan Times
King visits three production factories in Al Muwaqqar Industrial City
His Majesty King Abdullah visits on Thursday three factories in Al Muwaqqar Industrial City that specialise in food products, packaging, and garment manufacturing (Photo courtesy of Royal Court) AMMAN — His Majesty King Abdullah on Tuesday visited three factories in Al Muwaqqar Industrial City that specialise in food products, packaging, and garment manufacturing, and that are creating employment opportunities for Jordanians. His Majesty's first stop was at Al Kbous Group for Industrial Trading and Investment factories, which have been producing tea and coffee for local consumption as well as export since the establishment of the group's Jordan branch in 2013, according to a Royal Court statement. Chairman Hassan Al Kbous and CEO Mamoon Al Kbous gave a briefing about the group's factories, which have a production capacity of 7,200 tonnes and employ around 210 Jordanians. Founded in Yemen, Al Kbous Group has investments in seven countries in the region and globally, and has chosen to increase its industrial investments in Jordan through the establishment of an industrial potato factory and soft drinks factory. According to company officials, the group plans, as part of its expansion, to open new markets for its tea products, 95 per cent of which are exported to more than 32 countries. The King's next visit was to the Quality Carton Packaging (QPack) factory, a local company founded by ZalatimoIndustries in 2005, which employs 225 Jordanians, the statement said. The factory distributes its products to the local market, and exports approximately 7,000 tonnes annually to markets in the Middle East, Europe, North America and Asia. Group Chairman Marwan Zalatimo and CEO Mohammad Zalatimo gave a briefing on the manufacture of packaging for the food, trade, and shipping sectors, which the factory produces at a capacity of 25,000 tonnes per year. His Majesty also visited the Pine Tree Company for Textile Manufacturing factory, where CEO Moath Al Saaida gave a briefing about the company, whose exports exceed $100 million annually. Established in 2014, the Pine Tree Company employs around 600 Jordanians, including 60 industrial engineers, out of a total of 1,730 employees. Jordanians hold 98 per cent of management positions at the factory, which is affiliated with Singaporean sportswear manufacturer Ramatex. Jordan's industrial sector employs more than 250,000 employees, 90 per cent of whom are Jordanian, and attracts foreign investments while providing high-quality products that reach international markets, thereby contributing to economic growth.
Khaleej Times
20-05-2025
- Business
- Khaleej Times
Dubai Industrial City attracts more than Dh1.7 billion of investments in 12 months
Dubai Industrial City has attracted more than Dh1.7 billion in total investment across vital economic sectors including food and beverages (F&B), heavy equipment, energy solutions, automotive, and light industries over the past 12 months, the district announced during the Make it in the Emirates Forum, which is being held in Abu Dhabi until May 22. The investments attracted by Dubai Industrial City, part of Tecom Group PJSC, underscore the district's pivotal role in supporting the UAE's industrial strategy and solidify its position as a leading destination for foreign direct investment (FDI) by manufacturers seeking global and regional growth from Dubai. 'Accelerating advanced industries is essential to unlock long-term economic growth, and Dubai Industrial City is committed to nurturing such homegrown excellence in the UAE,' said Saud Abu Alshawareb, Executive Vice President – Industrial at Tecom Group, on behalf of Dubai Industrial City. 'The investments attracted over the past year speak to the appeal of our nurturing ecosystem to manufacturers and investors from around the world, and its contribution to Dubai's position as a globally leading hub for FDI. We will continue to play a key role in cementing the UAE and Dubai as global industrial powerhouses, in line with the goals of Operation 300bn, Make it in the Emirates, and Dubai Economic Agenda 'D33'.' The past year has seen significant growth across six dedicated zones at Dubai Industrial City for the base metals, machinery, minerals, F&B, transport, and chemical industries. The investments attracted over the past year build upon Dubai Industrial City's reputation as the preferred destination for manufacturers with specialised infrastructure such as industrial land, storage, and logistics spaces. Among the new customers to join Dubai Industrial City in the past year is Elite Group Holding, a diversified UAE-based conglomerate that will develop a 1 million integrated facility worth Dh100 million to drive growth in the automotive and e-commerce sectors. Pure Ice Cream, the manufacturer of brands such as Baskin-Robbins ice creams and Kwality Ice Creams, is also developing a production facility representing an Dh80 million investment at Dubai Industrial City, while OZON Pharmaceuticals is set to establish a production hub worth more than Dh293 million and spanning 150,700 at the district. Make it in the Emirates Forum provides a platform for industry leaders such as Dubai Industrial City to shape the future of the regional manufacturing sector and advanced industries. The district, home to more than 1,100 homegrown, regional, and global manufacturers as well as 350+ operational factories, serves as a vital link in the global supply chain, offering connectivity to regional and international markets. Situated in proximity to Jebel Ali Port, Al Maktoum International Airport, an Etihad Rail freight terminal, and key road networks, Dubai Industrial City offers access to a vast consumer market from Dubai, located an eight-hour flight from two-thirds of the global population. Dubai Industrial City is part of Tecom Group's portfolio of business districts that include Dubai Internet City, Dubai Media City, Dubai Studio City, Dubai Production City, Dubai Knowledge Park, Dubai International Academic City, Dubai Design District (d3), and Dubai Science Park.
Zawya
14-05-2025
- Business
- Zawya
PM Madbouly inaugurates $60mln expansion of Hayat Egypt factory in Sokhna
Egypt - Prime Minister Mostafa Madbouly inaugurated the $60m expansion of Turkish company Hayat Egypt Hygienic Products, a factory that manufactures tissue paper from nonwoven materials. The expanded facility is located within Orascom Industrial Parks in the Sokhna Industrial Zone, part of the Suez Canal Economic Zone (SCZONE). The Prime Minister praised the SCZONE as a key destination for international investment, citing its strategic geographic location—linked to both the Mediterranean and Red Seas—and its integrated industrial zones connected to ports that enhance global trade and logistics. He also highlighted the state's major infrastructure developments, including national roads and tunnel networks, which have improved access between the eastern and western parts of the zone and supported development in Sinai and Canal cities. Madbouly noted the increasing diversity of foreign investment across various industrial and logistical sectors, all aimed at reaching nearly two billion global consumers. This, he said, is supported by Egypt's wide network of free trade agreements and international partnerships that facilitate export access to multiple markets. During his visit, the Prime Minister toured the facility's production line, including the preparation area, main machine and control room, packaging unit, and final product displays. Officials from Hayat Egypt presented the scope of the new plant, which spans 21,000 square meters and has created approximately 200 direct jobs. The factory's annual production capacity reaches 60,000 tonnes. SCZONE Chairman Walid Gamal El-Din said the expansion reflects the success of ongoing cooperation between Hayat Egypt, the SCZONE, and industrial developer Orascom Industrial Parks. He emphasized the authority's commitment to facilitating investment by supporting developers, port operators, and manufacturers through a comprehensive suite of services. Gamal El-Din also pointed to the SCZONE's continued push to digitize investor services through initiatives such as the one-stop shop and the newly inaugurated logistics center, which streamlines customs procedures and provides integrated investor support. These efforts, he said, align with the authority's broader strategic vision to create a globally competitive, investment-friendly environment backed by both financial and non-financial incentives. The expansion builds on Hayat Egypt's already significant presence in Sokhna. The company operates an existing hygienic products factory within the Orascom Industrial Zones area, spanning 400,000 square meters. That facility has attracted more than EGP 330m in investment and created 450 direct job opportunities. With the newly launched plant, the company's total investments in Egypt now exceed EGP 3.33bn (approximately $60m), and its total workforce has grown to 650 direct employees.
