Blackrock International Land plc (Blackrock) is pleased to announce that it has agreed the sale of a 3,700m² industrial facility at the Xerox Technology Park, Dundalk, to Galen (Chemicals) Ltd, a subsidiary of global pharmaceutical company, Warner Chilcott, for a consideration of €2.9 million.
Warner Chilcott has announced plans to create a new corporate headquarters at the property with the assistance of IDA Ireland. The facility being acquired is part of a 17,000m² industrial complex owned by Blackrock at this location.
The choice of Xerox Technology Park by Warner Chilcott will enhance the attractiveness of the complex for other potential investors and tenants. The park is situated in Dundalk, Ireland, and is well-located in close proximity to the M1 Motorway and less than 45 minutes from Dublin International Airport.
Commenting on the transaction, Blackrock managing director, Robert Knox, said:
"We are very pleased to have agreed this significant transaction with Warner Chilcott, the well-known international pharmaceutical company. Blackrock continues to actively focus on maximising the value of its diverse portfolio assets and, in Dundalk, we will continue working in partnership with local stakeholders, the local authority and state agencies to market the remaining space at this excellent facility."
Blackrock International Land plc
2 March 2010
For further information, please contact:
Debbie O'Brien, WHPR - Tel: +353-1-669-0030
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