€230 Million Commitment for Nexus Logistics Park
We are announcing an exciting step in our #logistics strategy with a €230 million investment in a new sustainable logistics Sub-Fund to develop Nexus Logistics Park.
We welcome a new shareholder to IPUT, the Ireland Strategic Investment Fund (ISIF) at National Treasury Management Agency, who will co-invest alongside existing shareholder CBRE Investment Management to develop the first 1.5 million sq. ft. at Nexus. Our focus is on developing prime, sustainable logistics assets. The Sub-Fund will be classified as an SFDR Article 9 fund, ranking it among Europe's most sustainable real estate funds. Construction is set to commence in early April 2025.
Sarah Hickey, Senior Investment Director at ISIF, said: “This investment is an example of how ISIF’s impact investment approach can support sustainable development and placemaking to deliver modern new workplaces alongside community spaces in a fully integrated way.”
Robert Muilwijk, Senior Director, at CBRE Investment Management Indirect Strategies, said: “This investment underscores our strong conviction in the industrial sector and our commitment to sustainable development. We are confident that this collaboration will deliver substantial value for our client while also contributing to a more sustainable supply chain network in Dublin. We look forward to a successful partnership with IPUT and ISIF and the continued growth of this innovative project."
Read the full story here: https://lnkd.in/eqiUpcfF
To learn more about Nexus Logistics Park visit: https://lnkd.in/eaW6H2qe
Niall Gaffney, Michael Clarke, Adam McCormack, Zara Walsh, Declan Kelly
#shapingourcity