Sita Building, IDA Business & Technology Park, Letterkenny, Co. Donegal

**Tenant not affected** *Description* -The SITA building is located within Letterkenny IDA Business Park, off the N56 / Business Park Road which acts as a busy relief road around the north-east of Letterkenny. -SITA is positioned towards the northern side of the park, along the main internal road that runs through the estate giving it good visibility and easy access for employees. -The park is designed as a hub for technology, manufacturing, and service-oriented companies. -Many tenants are export-focused or high value- added businesses, including tech firms, software developers, and light industrial companies. -The park is part of IDA Ireland's broader strategy to attract foreign direct investment (FDI) to regional Ireland, helping create high-quality jobs outside the main urban centres *Location* -Letterkenny is the business, employment, education, service, health and retail hub for the north-west of the Rep. of Ireland. -The town is the base for several large business employers including; Tata Consultancy Services (c.1,400 employee), PGIM, Zeus, Optibelt and SITA (all within Letterkenny IDA Business Park), as well as Vertiv, Optum and FinTrU. -Letterkenny has a large education campus for the Atlantic Technological University (Letterkenny student population of over 4,000). -Letterkenny University Hospital and the Department of Social Welfare are other large employers and service providers in the town. -City of Derry Airport is within a 35-minute drive. Donegal Airport at Carrickfinn (west Donegal) is within an hour's drive. *The Lease* -The entire property is leased to SITA Information Networking Computing Ireland Limited. -Original 10-year lease from 1st August 2015 expired in July 2025, following which SITA recently signed a new lease for a term of 6 years and 11 months commencing 1st August 2025 (expiring 30th June 2032). -Rent review on the 31st July 2029. -The tenant is currently paying €371,110 p.a. which is based on €17.00 psf with nil currently analysed on the extensive parking. *Viewing* -Strictly by prior appointment through the sole selling agent Bannon