€7.8m Blackrock commercial investment in Dublin

Blackrock has announced the purchase of an industrial building in Clonshaugh, Dublin for a total outlay, including costs, of €7.8m.

Situated in Clonshaugh Business & Technology Park, the property comprises a detached facility of 42,000 square feet, including 16,000 square feet of offices, on a site of 3.38 acres. He building, which is being sold freehold by IDA Ireland, directly adjoins Blackrock’s existing 330,000 square feet warehouse and offices set on 30 acres in the same business park, the former Gateway premises.

Located close to the M1 motorway and the Dublin port tunnel, Clonshaugh Business & Technology Park is 8 kilometres from Dublin city centre and 4 kilometres from Dublin airport.

Meanwhile, Blackrock has also reported that the previously announced sale of its 8.82 acre site at Chesser Avenue, Edinburgh, has now completed and that the net proceeds of €20.8m have been received in accordance with the agreed terms.