An aerial view of the Cherrywood campus. The new building will be developed on the site immediately to the left of the two blocks in the foreground
APC and VLE Therapeutics, two Irish-owned drug-development companies, have signed a long-term lease with DLR Properties, a company wholly owned by Dún Laoghaire-Rathdown Co Council, for a new 60,000sq ft building to facilitate the delivery of their planned 130,000sq ft Medicine Accelerator campus. While the rental level has not been disclosed, new builds in south Dublin’s suburban business campuses are currently commanding about €35 per sq ft, or €10 more per sq ft than older, less-sustainable commercial stock. DLR Properties was advised on the transaction by Conor Whelan and David O’Malley of QRE Real Estate Advisers.Stripe weighs deal for new Dublin headquarters at Wilton Park
Mark Barrett, chief executive and co-founder of APC and VLE Therapeutics, said the expansion solidified his companies’ confidence in the biopharma ecosystem in Ireland as a global hub.