Former HP campus in Leixlip snapped up for more than €50M by major developer

The large site of the former Hewlett Packard campus in Leixlip has been snapped up for €51 million in a joint purchase between an assets management company and a major developer.

Michael O'Flynn and BlackRock Real Estate Assets have purchased the 195-acre site in north Kildare in what is one of the largest ever industrial transactions on the Irish market

O'Flynn and BlaclRock purchased the Point Campus student accommodation site in the Dublin Docklands last year, which is currently under construction and due to be completed this year.

The Leixlip site is vast, with HP taking up a total of 1.47 million sq ft across nine of their buildings, while there is over 70 acres of vacant land currently available for development.

The current occupiers include Hewlett Packard Enterprise, Celestica, MGS and Global Entserv Solutions.

According to the Irish Independent, the new owners plan on rebranding the campus to Liffey Business Park that almost immediately.

There is already interest in the vacant lands which will be made available to let, and building further facilities will also be on the agenda for the new owners.

Welcoming the move, Allan Shine, Chief Executive of the Chamber said; “This news is very welcomed and further demonstrates that Kildare is the ideal location of choice for  business enterprise. This high tech manufacturing complex represents an economic opportunity for large scale end-users and we welcome the news that the investors are planning immediate investment in the site.

"There is huge potential to further expand the existing offering that the campus currently offers. Kildare has an extremely highly educated workforce and its close proximity to Dublin City, Dublin Airport and Dublin Port makes the county an ideal location to invest in.”