Tesco Distribution Centre Donabate sells for €160 million.
Ireland’s largest building, the Tesco Distribution Centre, Donabate, Co Dublin, recently sold for €160 million. Robert Murphy of Murphy Mulhall advised the client – a South African Property Fund on the sale to KTB Investments & Securities and KTB Asset Management. This off market sale represents the largest single-asset logistics transaction to take place in the Irish market. The building extends to approx. 788,000 sq. ft.
Murphy Mulhall originally acquired this property on behalf of the South African Property Fund in 2014 for €129 million.