Lyreco signs long-term lease at Greenogue Business Park

French workplace products distributor to pay over €10 per sq ft for 54,343sq ft unit

A computer-generated image of Unit 601 in Greenogue Business Park Rathcoole, Co Dublin

A computer-generated image of Unit 601 in Greenogue Business Park Rathcoole, Co Dublin

 

Lyreco, a French multinational distributor of workplace products and services, has just completed the letting of Unit 601 Greenogue Business Park in Rathcoole, Co Dublin. Industrial and logistics specialist Harvey represented Lyreco in the negotiations, while JLL acted for the developer EQT Exeter.

Lyreco has signed a 15-year lease at a rent in excess of €10 per sq ft. The tenant is responsible for all repairs and insurance, and the lease incorporates a tenant break option after 10 years.

A pre-letting had been agreed with the developer during the construction phase, and the building recently reached practical completion. Comprising 54,343sq ft of 12.5 m high warehousing, the building also includes 7,655sq ft of three-storey offices.

The property has dual access with trucks entering the yard from the rear and cars from the front. The yard is 40 m deep, allowing for excellent truck marshalling and parking space. While the building was designed with good HGV loading access, Lyreco agreed some alterations to provide 11 van dock levellers to allow for high-speed fulfilment of orders for van delivery.

The three-storey offices are finished with raised access floors, suspended ceilings with recessed LED lighting, a passenger lift and a feature reception area.

Greenogue Business Park is an established development in southwest Dublin. Located within a one-minute drive of the N7 (Naas Road), the scheme offers easy access to the national road network.

Over 1.33 million people live within 30 minutes’ drive of Greenogue Business Park, while occupiers in the immediate area include Amazon Logistics, Anixter, Catering Disposables, ECI JCB, Fannin, Finning, Google, HSS Hire, Lucey Transport Logistics, PRL Group, SHS, Uniphar, Univar, VOW and Zeus Packaging.