South African FundMonday, 23 December 2019
ByrneWallace is delighted to have acted in the sale of Ireland’s largest building on behalf of a South African Fund.
The 73,207sq m (788,000sq ft) warehouse, which is Tesco’s distribution centre in Donabate, Co Dublin, was sold to a South Korean investor and represents the largest single-asset logistics transaction to have taken place in the Irish market.
The multi-disciplinary team included Alison O’Sullivan (Real Estate); Anthony Smyth & Tracey O’Donnell (Tax); Gerry Beausang, Daniel Holohan & Kelly Mackey (Corporate); Joseph Gavin & Damien McShane (Financial Services); and Mark Kavanagh & Laura Fitzpatrick (Banking).
For more details on the transaction which is referenced in the Irish Times, 23 Dec. 19 – see: https://www.irishtimes.com/business/commercial-property/ireland-s-largest-building-sold-to-south-korean-investors-for-160m-1.4123694