Barings finances new logistics development in Dublin

Barings has provided a construction loan to Bridges Fund Management and Dunquin Capital for a new industrial and logistics development in Dublin, Ireland.

Logistics

The joint venture will construct five Grade A industrial and logistics units at Stadium Business Park on Ballycoolin Road in northwest Dublin. The units will range from 1,479.7 m2 to 2,116 m2. Construction is underway, and the buildings are expected to be ready for occupancy by mid-2026.
The units will be Net Zero Energy Building (NZEB) compliant, constructed using green steel and concrete, and are being developed to achieve LEED Gold certification.
Barings has been active in the Irish real estate debt market, lending approximately €400 million over the past five years through its real estate debt platform.
Rupert Gill, head of Portfolio Management for European Real Estate Debt at Barings, said: “The opportunity to provide this loan to a very well-regarded sponsor for a state-of-the-art industrial & logistics development fits neatly with the beds and sheds strategy we’ve been pursuing in Ireland. Given the tailwinds in both the living and logistics sectors in markets across Europe, and with significant capital to deploy, we believe there are very strong opportunities across our preferred markets and are actively pursuing a very healthy pipeline of deals. Across Europe, we are financing transitional refurbishment strategies as well as financing the construction of brand new grade A properties, in markets and geographies characterised by low vacancy and high demand.”