Chancerygate enters Irish market with €4.5m deal for Swords Road site

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UK-headquartered industrial developer and asset manager Chancerygate has entered the Irish market with a €4.5 million deal for a site on the Swords Road in Santry

has entered the Irish market with a €4.5 million deal for a 2.1 hectare site on the Swords Road in Santry.Bridges Fund ManagementSubject to planning permission, the joint venture partners intend to speculatively develop 114,000sq ft of grade A urban logistics and warehouse space on the site. The proposed accommodation will be distributed across 14 units ranging in size from 3,500sq ft to 20,675sq ft.

Chancerygate is the UK’s largest multiunit industrial developer and asset manager. The company has more than 3.5 million sq ft of industrial space under construction or ready for development across 32 sites in the UK. Bridges is a specialist investor. Its property funds focus on sectors that are well placed to benefit from the transition to a more sustainable and inclusive economy, including healthcare, lower-cost housing and sustainable logistics.

 

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