Logitech’s safe landing

LOGITECH is the latest new arrival into the 750,000 sq ft Cork Airport Business Park, where 55,000 sq ft of deals have been finalised since summer, and where book-selling giant Amazon is committing to further space.

The Swiss-based IT company, Logitech, in Cork for several decades, is relocating from Ballincollig to the Airport Park, taking up 18,500 sq ft, the entire two storeys of building No 3400, on a long lease negotiated via Lisney, including 80 car-parking spaces. A rent of €13 psf had been sought, but a more competitive figure may have been achieved.

Building 3400 was vacated by Motorola and Freescale, and has third-generation office accommodation with raised access floors and air conditioning. Brian Olden, of Cohalan Downing, acted for Logitech.

Logitech is relocating from Westpoint Business Park, in Ballincollig, and will upgrade and re-fit their new location at Cork Airport Business Park. A world leader in IT, digital entertainment and gaming products and peripherals, combining hardware and software technologies, it’s been in Cork since 1988, was founded in 1981 and is listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market.

Cork Airport Business Park agent Edward Hanafin, of Lisney, said there’s 750,000 sq ft of offices across 27 buildings in a parkland setting adjacent to Cork International Airport - where the hotel sale, via Savills, is progressing. Lisneys have let 55,000 sq ft at the park in the past three months, added Mr Hanafin. Occupiers in the park include Amazon, Red Hat, Bank of New York, CITCO, Glaxosmithkline, IBM and Black & Decker, and is served by two hotels, the Cork International Airport Hotel and the Radisson Hotel.

Details: Lisney, 021-4275079

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