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Case Study

M3 Gateway, Clonee
Land Sale

The Task

These strategically located lands on the M3 motorway in Clonee are situated adjacent to a substantial data centre development. The Vendors wished to capitalise on the strong demand amongst developers for well-located sites with good infrastructural links suitable for logistics/warehousing facilities or a potential data centre.  

The Skills

Bannon undertook an assessment of the market and identified a wide range of potential purchasers for the lands given the employment/industrial zoning and the demand amongst logistics/warehouse developers. Given the level of demand for similarly zoned land close to the M50 and the existence of a potential Special Purchaser a decision was made to offer the lands for sale by Tender rather than a private treaty/best bids process.

The Result

Utilising the optimum sales method, the lands were sold in excess of the €10m guide price following completion of the Tender process.  This disposal method resulted in a shortened timeframe for the Vendor both in terms of the sales process and the completion of the legals.

Meet the Land Team

Paul Doyle

Managing Director

Des Byrne

Director

Niall Brereton

Director

Ben Semple

Divisional Director

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Dublin 2
D02 WV96
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Email: info@bannon.ie

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Registered in Ireland: No. 384639. // Registered Address: Hambleden House 19-26 Pembroke Street Lower Dublin 2 // PSRA Licence No. 001830
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