Rohan Holdings secure two new tenants at latest Dublin logistics scheme – The Irish Times

Industrial and logistics specialist Rohan Holdings has secured two leases for its latest development in Dublin, the South West Business Park, ahead of the delivery of the first phase.

With formal closing expected in the coming weeks, the Company has signed contracts totaling 80,000 square feet with international tool and hardware distributor Toolbank and a leading provider of healthcare equipment. Both leases start at €12.00 per m² and have a fixed term of at least 15 years. Agent Lisney acted for the landlord while Bannon and Blue Tile Property Consultants acted for the tenants.

The remaining accommodations available in the first phase at South West Business Park consist of two units of 60,000 square feet and 20,000 square feet respectively. Additionally, planning permission and fire protection will include a single 162,000 square foot HQ style building. This lot will include 15,000 sq ft of office space alongside a 147,000 sq ft warehouse with a 14m headroom and a large secure yard with ample trailer parking and LEED Gold sustainability certification.

South West Business Park is just a minute’s drive from the M7 motorway and is adjacent to Cheeverstown Luas station in Citywest. Phase one includes four high-profile high-bay warehouses with first-class offices, 12m headroom, dedicated courtyards, electric vehicle charging facilities and LEED Silver sustainability certifications.

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South West Business Park has been Rohan’s first project in south Dublin for a number of years. The Company has been actively developing numerous business parks in North Dublin including Dublin AirPort Logistics Park and North City Business Park. Companies that have participated in these two developments over the past 12 months include Nippon Express, Avantor, Bio-Techne, Primeline, Yourway and the NEP Group. Planning permission has been received for more than 100,000 square feet of new space on the two projects that are about to begin, with additional phases of planning being completed.

Commenting on Rohan Holding’s recent leasing activity, Director John Casey said: “As the warehouse sector has been particularly hard hit by construction cost inflation over the past two years due to steel price increases, asking rents have had to rise accordingly. especially in the area below 40,000 m². We are currently working on several transactions with rents in the range of €13-15 per square foot for new, prime buildings, while smaller, older buildings in the sub-20,000 square foot category are already reaching these levels.”