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The Valeo Vision Systems R&D Facility Dunmore Rd Tuam Galway

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The Building currently houses over 400 employees from over 30 different countries and is a flagship R&D facility. Valeo's Tuam facility is the mother site for the Valeo Vision product line. The site hosts both an R&D centre and a large production facility. The site is responsible for all aspects of design and manufacturing of top, rear and side view cameras, as well as working towards an end goal of automated driving. It currently employs over 1,000 at the site. The Automated Parking Research & Development Centre is highly innovative, specialising in the design and development of cutting edge Automated Parking Advanced Driver Assistance Systems (ADAS) incorporating viewing camera and including applications such as Pedestrian Detection, Cross Traffic Alert and Automated Parking. 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€2,300,000
For Sale 2,802.98 sqm approx

Investment Property For Sale - 30,171 sq. feet (2,803 sq. metres)

Property Highlights
- Excellent Investment Opportunity
- Detached Facility finished to a high specification internally
- Current lease in place is a 15 year lease from 17th February 2014.
- Break Clauses in Lease at Years 7 and 12
- Strong Covenant
- Current Rent €225,000 pa
- Freehold
- For Sale By Private Treaty Description

The property comprises a single storey office/research & development facility. The tenant recently carried out substantial refurbishment investment which is easily recognisable on inspection. Valeo Vision Systems are hugely prominent in Tuam with a number of other buildings in the immediate location. The Building currently houses over 400 employees from over 30 different countries and is a flagship R&D facility. Valeo's Tuam facility is the mother site for the Valeo Vision product line. The site hosts both an R&D centre and a large production facility. The site is responsible for all aspects of design and manufacturing of top, rear and side view cameras, as well as working towards an end goal of automated driving. It currently employs over 1,000 at the site. The Automated Parking Research & Development Centre is highly innovative, specialising in the design and development of cutting edge Automated Parking Advanced Driver Assistance Systems (ADAS) incorporating viewing camera and including applications such as Pedestrian Detection, Cross Traffic Alert and Automated Parking. The AP Team are located across multiple sites primarily Tuam and Bietigheim and are responsible for research into core software & system technologies including Object Detection, Data Fusion/MAP and Vehicle Maneuvering algorithims and full development of the life cycle to bring Automated Parking End User Functions to market. Valeo's 360VueTM 3D Surround View System provides the driver with a three dimensional (3D) view around the vehicle. The system enables the driver to maneuvre the car without the need to switch between front, side and rear views. SightStreamTM builds on Valeos existing products as a new system to replace interior and exterior mirrors with cameras. All of these were developed or are under development in Tuam. Joint Agent Ronan Rooney Tel: 091 567391

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