Gannon is seeking over €70m for a Dublin Airport car park

Gerard Gannon Properties is putting the former ‘Quickpark’ car park at Dublin Airport up for sale and joint agents Knight Frank and Colliers are realizing in excess of €70m.

It consists of an L-shaped lot and covers a total land area of ​​16.9 hectares (41.76 acres). It has full planning permission for a new reception building with office space for employees and a total of 6,122 permanent parking spaces. There is currently a single access point to the car park, controlled by six automatic barriers.

The demand for parking spaces at the airport is very high among passengers who start their journey there. Before the pandemic in 2019, about 30.7 million passengers began and ended their journey at Dublin Airport, and this year international travel has recovered faster than expected.

Unlike its European counterparts, Dublin Airport does not benefit from a direct rail link with the city center and the proposed Metro North project has been delayed until at least 2035. Additionally, the widely reported taxi shortage in Dublin has compounded problems with just 14 per cent of licensed taxis allowed to operate at Dublin Airport.

Given the limited public transport options and the fact that 53.4 per cent of cars arriving at the airport are from outside Dublin, it is expected that there will be continued demand for airport parking
Airport.

Gerard Gannon is one of Dublin’s larger developers with projects in Clongriffin and Luas Park and Ride, which stretch across Balally Luas station.

https://www.independent.ie/business/commercial-property/gannon-seeking-over-70m-for-car-park-at-dublin-airport-41838357.html Gannon is seeking over €70m for a Dublin Airport car park

Fry Electronics Team

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