Largest Commercial Letting In The Irish Market For 2009

27 January 2010

CBRE has advised Dublin Airport Authority (DAA) to lease Hangar 6 at Dublin Airport to Aer Lingus in the largest commercial property letting deal in the Irish market for 2009.

The former SRT Technics facility, which comprises 23,000 square metres, is one of the largest commercial buildings in the country and has been leased for a term of 20 years. Hangar 6 was the largest clear span (84m) building in Ireland when it was constructed in 1991. The approximately two hectares of ground floor space under the roof can house two Boeing 747 Jumbo Jets plus five Boeing 737s, in addition to the associated office space for approximately 350 people. Under the deal, Aer Lingus will rent Hangar 6 from the DAA and will use the facility to amalgamate Dublin based maintenance and operational functions into one location, which will allow for a more streamlined and cost effective operation. Ronan Webster of CBRE commented that the market rent achieved on the leased area of 23,000 square metres represents the most significant lease transaction in the Irish market in 2009.