IPUT, the biggest office landlord in Dublin, has received full planning permission for the development of Nexus Logistics Park at the Cherryhound Interchange of the M2 motorway.
The site to adjacent to Dublin's M50 and close to Dublin airport.
The first phase of Nexus will comprise 795,000 square feet of sustainable logistics facilities across five separate buildings that will be delivered to the highest sustainability standards.
IPUT said its new Nexus project builds upon the recent successful completion of the logistics facilities at Quantum Logistics Park, which was pre-let to Maersk, DHL and Harvey Norman.
Niall Gaffney, CEO of IPUT Real Estate, said the company's intention is to deliver the next generation of logistics parks in Ireland, to meet both the operational and sustainability requirements of today’s occupiers.
"We have a proven track record of delivering logistics facilities with market-leading sustainability credentials - including Ireland's first ever net zero logistics building at Quantum Logistics Park," Mr Gaffey said.
"Our development at Nexus and logistics pipeline will further strengthen our position as the market leader, while continuing to drive resilient, long-term returns for shareholders," he added.
