DTZ Investors acquires €160m Tesco Irish distribution facility on behalf of South Korean investor

DTZ Investors has acquired Tesco’s Irish Distribution Center in Dublin, Ireland, on behalf of KTB Investment & Securities and KTB Asset Management, in the largest-ever single-asset logistics transaction in Ireland.

The 788,000-square-foot warehouse is a purpose-built facility and benefits from a lease guaranteed by Tesco PLC until 2032 and annual upwards only indexation in line with CPI. Tesco is one of the world’s largest retail and grocery brands and continues to expand in Ireland. The distribution center is essential to its operations providing dry-goods distribution to the entire Tesco portfolio of stores across Ireland.

David Peacock, of DTZ Investors, said, “This off-market acquisition is an exceptional example of identifying a suitable investment opportunity that meets our client’s investment objectives and executing successfully on what is the largest s