Sita Building, IDA Business & Technology Park, Letterkenny, Co. Donegal

Sita Building, IDA Business & Technology Park, Letterkenny, Co. Donegal

Tenant not affected

Description

The SITA building is located within Letterkenny IDA Business Park, off the N56 / Business Park Road which acts as a busy relief road around the north-east of Letterkenny.

SITA is positioned towards the northern side of the park, along the main internal road that runs through the estate giving it good visibility and easy access for employees.

The park is designed as a hub for technology, manufacturing, and service-oriented companies.

Many tenants are export-focused or highvalue- added businesses, including tech firms, software developers, and light industrial companies.

The park is part of IDA Ireland’s broader strategy to attract foreign direct investment (FDI) to regional Ireland, helping create high-quality jobs outside the main urban centres

Location

Letterkenny is the business, employment, education, service, health and retail hub for the north-west of the Rep. of Ireland.

The town is the base for several large business employers including; Tata Consultancy Services (c.1,400 employee), PGIM, Zeus, Optibelt and SITA (all within Letterkenny IDA Business Park), as well as Vertiv, Optum and FinTrU.

Letterkenny has a large education campus for the Atlantic Technological University (Letterkenny student population of over 4,000).

Letterkenny University Hospital and the Department of Social Welfare are other large employers and service providers in the town.

City of Derry Airport is within a 35-minute drive. Donegal Airport at Carrickfinn (west Donegal) is within an hour’s drive.

The Lease

The entire property is leased to SITA Information Networking Computing Ireland Limited.

Original 10-year lease from 1st August 2015 expired in July 2025, following which SITA recently signed a new lease for a term of 6 years and 11 months commencing 1st August 2025 (expiring 30^th June 2032).

Rent review on 31st July 2030.

The tenant is currently paying €371,110 p.a. which is based on €17.00 psf with nil currently analysed on the extensive parking.

Viewing

Strictly by prior appointment through the sole selling agent Bannon

BER