Principal Asset Management has acquired a life sciences asset in Galway, its first acquisition in Ireland for LOG IN, the European logistics and industrial fund managed by Theoreim.
The asset comprises two buildings, totaling 5,000 square meters (53,820 square feet), providing warehouse space, laboratory rooms, research space and offices. It is leased for a fixed term of nine years to a company that designs and manufactures medical equipment.
Located in the west of Ireland, Galway is distinguished by its leading scientific and university ecosystem, offering a pool of talent essential to companies in the medical sector. The asset benefits from its proximity to the M6 motorway, which connects Galway to Dublin in just 2.5 hours, as well as two airports and the port of Cork.
LOG IN was created in 2022 in partnership with the French alternative investment management company, Theoreim, and is the first French SCPI (Société Civile de Placement Immobilier) dedicated t
