Record €129m sale of country’s largest industrial building

Industrial deals are creating headlines with some record prices and there is a noticeable pick-up in demand for both industrial and office space

23rd December, 2014
Record €129m sale of country’s largest industrial building

Two major deals have catapulted industrials, the Cinderella of the commercial property sector, into the lime light in recent days. The sale of Ireland’s largest industrial building for €129 million has set a new record for the most valuable Irish industrial sale ever and grossed a capital profit of €13.5 million for the owners, an investment syndicate led by KPMG.

The KPMG fund is believed to have bought the Tesco distribution centre in...

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