23 May 2024

M7 hits the ‘prime spot’ in Ballycoolin

M7 Real Estate Ireland (“M7”), is pleased to announce the successful completion of three new lettings at Primeside Business Park, Ballycoolin, which have achieved hitting new record scheme rents of €16.15 psf. Units 6, 13, and 14 have undergone extensive refurbishment and have been marketed through agents Knight Frank. Notably, existing occupants, Paul Thompson Freight Limited and Glancy Fawcett Limited, seized the opportunity to expand their operations by securing Units 6 and 14 respectively. Additionally, Youcube Energy Limited joins the estate, commencing their lease at Unit 13 at the end of April 2024.

Unit 20, comprising 4,401 sq. ft., remains available for letting and will undergo refurbishment to match the standard of recently leased units. Prospective tenants will join esteemed local occupants, including WEP Clinical Ireland Limited, Sword Medical Ltd, and Storey Books Limited. Knight Frank acted on behalf of M7 for all new lettings.

These refurbishments are part of M7’s asset management strategy, ensuring that incoming tenants benefit from superior facilities. Emphasising on sustainability, upgrades include LED lighting installation, a comprehensive BER improvement plan, and structural enhancements to the roof and warehouse floor, ensuring modernisation across each unit.

Located in the heart of Ballycoolin, Primeside Business Park is a renowned industrial hub, housing prominent occupiers such as DB Schenker, Masterlink Logistics, PayPal, and eBay. Its strategic positioning near major national roads like the N2, N3, and M50 renders Ballycoolin an exceptionally desirable area.

M7’s investment extends beyond individual units, encompassing enhancements throughout the business park. Specifically enlisting the services of Loughman Landscaping Services and Clarus Property Services, the park received a comprehensive facelift, including the installation of bug boxes, extensive landscaping upgrades, new external lighting, and line markings.

Claire McDowell of M7 Real Estate Ireland commented, “It’s fantastic when existing tenants choose to expand within our parks. We remain committed to supporting our tenants and welcoming new ones, such as Youcube Energy Limited. Our dedication to enhancing the park’s aesthetics reflects our commitment to ensuring tenant satisfaction across M7 Real Estate assets.”