A major landbank between the runways at Dublin Airport said to be worth over €200 mln is being placed on the market by JLL.
The lands are privately held by the long-term owners. The infrastructural land which is available for sale by private treaty in its entirety or in three separate lots, totals around 260 acres.
John Moran, CEO, JLL in Ireland said: ‘There are limited international opportunities to acquire a single holding of this scale for a potential airport terminal, airport related uses or logistics in such a high-profile and accessible location. This provides an exceptional development opportunity as there are no lands of similar zoning and location which are potentially designated for the short and medium-term development of one of Europe's busiest and most well-connected airports.’
As Dublin airport rapidly moves towards handling 40 million annual passengers, the land is in a unique strategic position to host a third terminal and meet passenger demand at one of Europe's fastest growing major airports, JLL said.
DAA, a commercial company wholly-owned by the Irish State, owns and operates Dublin Airport.
The land is available to the market with vacant possession.