2020 has been a challenging year for all of us

We look forward with optimism for the fund and the re-awakening of the city.

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2020 Annual Report

Positive results in a year of exceptional challenges, demonstrated the stability of the Fund through market cycles. In excess of €102.5 million dividend paid to shareholders in the year.

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Our portfolio gives us scale which ensures we can effectively manage risk which has protected us from the most severe impacts of the current economic slowdown.
John F. Mulcahy, Chairman

2020 highlights

Resilience and stability in challenging times

%
Rent recovery
€ m
Cash dividend paid
%
Net dividend yield
A rating
Principles for Responsible Investment
GRESB
4 Star rating
sq ft
Letting to Microsoft
sq ft
Letting to Dunnes Stores
€ m
Green finance received
sq ft
Logistics development commenced
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Pathway to net zero carbon 2030

In 2020 IPUT became the first Irish property company to become a signatory to the World Green Building Council’s Net Zero Buildings Commitment.

Positioned to perform

Well positioned to move forward

%
International shareholder base
€ m
Debt facility at 1.2% blended cost
sq ft
Onsite development pipeline
€ m
Projected income from developments
€ m
Committed investment at Carrickmines Park
acres
Zoned logistics land
%
Occupancy
sq ft
Development pipeline pre-let
€ m
Year-end contracted income
h
Resilience in challenging times

97% rent collection

h
Resilience in challenging times

43,000 sq ft letting
to Microsoft

h
Resilience in challenging times

325,000 sq ft assignment
to Dunnes Stores

h
Resilience in challenging times

GRESB 4 star rating achieved

2020 Acquisitions

image-trans

Riverside One, Sir John Rogerson’s Quay,
Dublin 2

Purchase price: €37m

Riverside One is a 110,000 sq ft, Grade A office building which is occupied by law firm McCann Fitzgerald on a long-term lease. IPUT has acquired the outstanding 30% interest in this building from Aviva having acquired a 70% interest during 2015.

image-trans

Unit D, Kilcarbery Distribution Park, Dublin 22

Purchase price: €5.8m

Unit D Kilcarbery Distribution Park, Dublin 22 is a 110,200 sq ft logistics unit is occupied by BWG Foods on a long-term lease. IPUT has acquired the outstanding 50% interest in this building having acquired a 50% interest during 2014.