Rohan Holdings secures latest tenant at North City Business Park

Developer pre-lets 25,000sq ft warehouse to US pharma giant Bio-Techne Corporation

Rohan Holdings has pre-let a 25,000sq ft warehouse at its North City Business Park development to global pharma and life sciences company Bio-Techne Corporation.

The tenant, established more than 40 years and headquartered in Minnesota, is an acknowledged leader in the provision of life science tools and diagnostic re-agents with annual revenues of about $740 million. The company will use the new facility, which is due for completion later this year, as the primary distribution hub for its European customer base.

Rohan Holdings is currently also building an adjoining 20,000sq ft unit at North City Business Park which it intends to make available for occupation from November at a rent of € 11 per sq ft. The developer expects to commence work shortly on the next phase of the scheme, with a view to offering some 45,000sq ft of space to the letting market by the end of the first half in 2022.

The Bio-Techne deal represents Rohan's second letting this year to a significant pharma tenant, having already secured a pre-let to Thermo Fisher Scientific for Crane House, a 50,000sq ft logistics unit at its current 120,000sq ft development phase at Dublin AirPort Logistics Park, which will complete in October this year. Gilead, another global scale pharma company, is already an occupier at that park.


New scheme

Elsewhere in the capital, Rohan Holdings launched its latest business park in south Dublin last month. The commencement of works on South West Business Park, as it will be known, will bring Rohan's pipeline of speculative logistics units either available or under construction to 500,000sq ft by the end of this year. Located on the R136 outer ring road, off the M7, the new scheme will account for just over 300,000sq ft of that space upon completion with units ranging in size from 20,000sq ft - 162,500sq ft.

Ronald Quinlan

Ronald Quinlan

Ronald Quinlan is Acting Property Editor of The Irish Times