BUILDINGS 2, 3, 4, & 5Ballycoolin Business ParkBlanchardstown, Dublin 15

INVESTMENT OPPORTUNITY WITH DEVELOPMENT POTENTIAL

FOR SALE BY PRIVATE TREATY

In one or more Lots

Tenant not affected

www.cbresales.ie/ballycoolin

LOT 1 –Three Interconnecting Grade A Office Buildings

LOT 2 – Converted Industrial Unit on 2.8 Ha 6.9 acre site

LOT 3 – The Entire

Key Considerations

Opportunity to acquire Grade A suburban office at significantly below replacement value

Attractive income return

Low passing rent with excellent potential for growth

PayPal provides an Excellent Covenant

Dalkey

CarrickminesStepaside

Dundrum

Rockbrook

Clondalkin

Finglas

Dun Laoghaire

Ballsbridge Dublin Bay

North Bull Island

Dublin Airport

Portmarnock

Malahide

Rathmines

ClontarfCabra

Booterstown

Howth

City West

Lucan

Knocklyon

DUBLIN

SWORDS

BRAY

TALLAGHT

M50

M1M2

M3

M50

N81

E20

M11

LUAS red line

LUAS green line

DART line

BLANCHARDSTOWN

Ballycoolin is on the northern side of the Ballycoolin Road which connects Blanchardstown Road North with Snugborough Road. The property is approximately 16 km northwest of Dublin City Centre and is within 5 km of the M50/N2 and M50/N3 junctions which provides rapid motorway access to all of the main routes from Dublin including Dublin Airport and the Dublin Port Tunnel.

The Ballycoolin area has witnessed an enormous wave of commercial activity over the past 15 years and is now firmly established as one of Dublins largest commercial hubs. Occupiers in the area include Xerox, Symantec, IBM Ireland, Veritas Technologies and Coca Cola.

Location

BUILDING 2

BUILDING 3

BUILDING 4

BUILDING 5

DESCRIPTION

LOT ONE comprises three interconnecting Grade A office buildings extending to a total of 142,606 sq ft (13,249 sq m). External walls are aluminium panels with bespoke Brise Soliel feature. Windows are double glazed and can be opened.

Internally the buildings are finished and maintained to a high standard with carpeted raised access floors and with mainly suspended metal tilled ceilings to the office areas. Heating and cooling is provided to the building through a chilled beam ceiling system with perimeter radiators and under floor plenum.

There is a large canteen at the ground floor of block 4 which has the benefit of access to a large outside seating area.

The external grounds are landscaped and maintained to an exceptional level and there is parking for over 600 cars in a surface car park.

LOT TWO comprises Building 2, a purpose built light industrial unit extending to approximately 28,248 sq ft (2,624 sq m). The original structure comprised two story office to the front with a modern warehouse to the rear. The building comprises of concrete frame construction with redbrick outer leaf and with a insulated metal deck roof incorporating translucent lighting. The ground floor office, together with part of the warehouse, has been converted to office use and is occupied by PayPal. The rear warehouse has been upgraded to provide a server room together with the first floor office and was previously occupied by Xerox. This unit is now vacant. Externally there is a large secure compound and covered storage area.

Building two is situated on a largely undeveloped site extending to a total of 6.9 acres (2.8 Ha).

Internally & exTERNALLY the buildings are finished and maintained to a high standard

CENTRAL ATRIUM

CANTEEN BUILDING 2

BUILDING TENANT LEASE TERM START DATE CURRENT BREAK & FLOOR AREA DEMISED RENT RENT REVIEW CAR SPACES DATES SQ FT SQ M

Building 3 PayPal 20 yrs/4 mths 1 Aug 2008 €661,024 31 Oct 2019 46,942 4,361 198 Europe Services Ltd 31 Oct 2024

Building 4 PayPal 20 yrs/2 mths 1 Oct 2008 €694,612 31 Oct 2019 49,240 4,575 198 Europe Services Ltd 31 Oct 2024

Building 5 PayPal 20 yrs/1 mth 1 Nov 2008 €661,024 31 Oct 2019 46,424 4,313 198 Europe Services Ltd 31 Oct 2024

Building 2 PayPal 13 yrs/9 mths/ 25 Feb 2015 €179,525 31 Oct 2019 15,956 1,482 20 6 days 31 Oct 2024

Building 2 Vacant 12,292 1,142 34

TOTALS €2,196,185 170,854 15,873.3

Tenant break options subject to 6 month’s notice. PayPal leases guaranteed by Paypal Holdings Inc.

PayPal operates a worldwide online payments system that supports online money transfers and serves as an electronic alternative to traditional paper methods like checks and money orders. PayPal is one of the world’s largest Internet payment companies. The company operates as a payment processor for online vendors, auction sites and other commercial users, for which it charges a fee.

Vision-net credit report indicates a credit score of 100 low trade risk. The credit limit is €2,436,750 and reports cash reserves of €70 million.

PayPal Holdings, Inc. is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company’s combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform. It operates

a two-sided global technology platform that links its customers, both merchants and consumers, around the globe to facilitate the processing of payment transactions, allowing it to connect merchants and consumers. It allows its customers to use their account for both purchase and paying for goods, as well as to transfer and withdraw funds. It enables consumers to exchange funds with merchants using funding sources, which include bank account, PayPal account balance, PayPal Credit account, credit and debit card or other stored value products. It offers consumers person-to-person payment solutions through its PayPal Website and mobile application, Venmo and Xoom

Headquartered in San Jose, California, with a market capitalisation of approximately $92,000 million. Third Quarter 2017 reported results included Revenue growth of 21% to $3.239 billion and GAAP Earnings of $380 million

covenant

DISCLAIMER: CBRE U.C [CBRE IRELAND]

These particulars are issued by CBRE U.C., registered in Ireland, no. 316570. PSRA Licence No. 001528 on the understanding that any negotiations relating to the property are conducted through them. While every care has been taken in preparing them, CBRE U.C., for themselves and for the vendor/lessor whose agents they are, give notice that: - (i) The particulars are set out as a general outline for guiding potential purchasers/tenants and do not constitute any part of an offer or contract. (ii) Any representation including descriptions, dimensions, references to condition, permissions or licenses for uses or occupation, access and any other details are given in good faith and are believed to be correct, but any intending purchaser or tenant should not rely on them as statements or representations of fact but must satisfy themselves (at their own expense) as to their correctness. (iii) Neither CBRE U.C., nor any of their employees have any authority to make any or give any representation or warranty in relation to the property. Brochure prepared January 2018.

titleWe understand that the property is held under a long lease subject to a nominal rent. This is a standard IDA lease and includes the usual user restriction to internationally traded goods and services use.

BER

BER Number: 800335267 - 800606741

solicitors

selling agent

COLM LUDDYT: +353 1 618 5729E: colm.luddy@cbre.com

SANDRA WALSHT: +353 1 618 5578E: sandra.walsh@cbre.com

CARA O’HAGANT: +353 1 232 2358E: cara.ohagan@matheson.com

NIAMH MAHERT: +353 1 232 2357E: niamh.maher@matheson.com

www.cbresales.ie/ballycoolin