Developers wake up to the appeal of industrial property

Developers wake up to the appeal of industrial property
Mountpark Logistics EU has obtained planning permission for a €40 million logistics and industrial hub in Baldonnell, Co Dublin

Forecasts of rising rental growth are likely to spur more activity in the sector, writes Donal Buckley

Investment in industrial property is looking increasingly attractive, although developers have been slow to get in on the act. Nevertheless, forecasts of continuing rental growth underpinned by increasing demand and reducing supply are likely to encourage greater development and investment in the sector.

MSCI’s most recent SCSI/IPD Ireland Quarterly Property Index showed that industrial outperformed both offices and retail in the first quarter of the year, as it recorded total returns of 3.21 per cent...

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