Commercial Property

Bidding frenzy ends in €8.75m deal for sale and leaseback in Clondalkin

French investor Iroko Zen took on unit in Cloverhill Industrial Estate

Unit AF40 Cloverhill Industrial Estate, Clondalkin: such was the level of investor interest in the property that best bids were called a month after opening

Industrial property specialist Harvey has completed a sale and leaseback deal for €8.75 million in the Cloverhill Industrial Estate in Clondalkin, Dublin 22.

The sale and leaseback at Unit AF40 Cloverhill Industrial Estate to French investor Iroko Zen was represented by Colliers.

The detached industrial and office facility, extending to 7,984 square metres on a site of 5.6 acres, was sold with the benefit of a 15-year lease to Alucraft Limited, with a guarantee from ...