Thor Equities Group has acquired an 11-acre industrial development site adjacent to Greenogue Business Park in Dublin, marking the firm's first investment in Ireland. The site sits in one of Dublin's established industrial locations.

Thor Equities Group is a privately owned real estate investment and development firm headquartered in New York City, with a global portfolio valued at more than $20 billion.

Thor plans to develop approximately 210,000 sq ft of grade-A industrial space across four buildings, comprising two multi-let blocks and two standalone units. The buildings will feature clear internal heights of up to 15 metres, yard depths of up to 48 metres, multiple dock levellers and premium office finishes.

The structural driver is the mismatch between demand and supply in Dublin's grade-A industrial market, which Thor is targeting through institutional-grade product built to LEED Gold and BREEAM Excellent certification standards.

Joe Sitt, chairman of Thor Equities Group, said, "The Dublin site marks an important expansion for Thor Equities and allows us the opportunity to deliver institutional-grade industrial product in a market where demand far exceeds supply. With our disciplined development strategy and integrated platform, we look forward to setting a new standard and strengthening our track record internationally."

The project forms part of Thor's expanding industrial and logistics portfolio, which spans urban markets across North America and Europe alongside its retail, hotel and mixed-use holdings in cities including London, Paris, Madrid and Milan. The firm has increasingly directed capital toward industrial and logistics assets as part of a broader shift away from traditional office real estate.

Greenogue Business Park is an established industrial location in south Dublin, positioning the new development within an existing cluster of logistics and manufacturing occupiers. The scale of the four-building scheme reflects growing investor confidence in speculative grade-A development as a route into supply-constrained Irish markets, rather than relying solely on forward-funded pre-let schemes.

For the sector, the acquisition signals continued appetite among major international investors to enter Ireland's industrial market directly through development rather than acquiring existing stock, given the scarcity of grade-A supply.

Source: Property Week