COMMERCIAL PROPERTY

Cairn Homes’ Cork sell-off

The arrival for sale of three significant development sites in Cork, worth up to €30 million, sees a further scattering of the spread of sites and assets acquired by the firm Frinailla in the early 2000s, earmarked for developments of between €500m and €1bn.

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Two large bar investment complexes on market

There’s a choice of two large bar investment complexes for sale this month in satellite towns on opposite sides of Cork city, at Ballincollig, and Glanmire.

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Bar with planning for two apartments in Cork

First viewings of Cork’s Great Escape — a licensed complex including a bar with dance areas including pole dancing, accommodation, and a development site, took place on a quiet day - Good Friday.

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Cork set for multi-million euro retail rebuild

Cork’s premier main shopping thoroughfare is set for a second demolition and retail multi-million euro rebuild in the coming weeks.

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Phoenix House rising from crash with Regus

In hindsight, the name Phoenix House has proven particularly apt: rising from the crash, Cork’s €20m-plus Phoenix House third generation office building a mile from City Hall has secured its first, sizeable tenant, Regus — almost 10 years after it was built.

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Healthy return and room to grow in Nenagh Retail Park

A 158,000 sq ft retail park anchored by Woodies with six other tenants, and two undeveloped other sites, comes to market this week in a Tipperary town due 300 new tech job, guiding €2.6 million, which is well below build/replacement costs.

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Mansions in Montenotte

Forget your castles in the air — how about mansions in Montenotte? 

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Frankie Whelehan’s €5m Montenotte hotel spend

It’s easy to know that Frankie Whelehan is back in the hotel business.

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No rookies in Cork's Queens Old Castle Argos set piece

The €4.25m Argos investment, in Cork City centre, facing the Capitol cinema redevelopment site, has been bought by neighbouring developers, Clarendon Properties, with a view to future redevelopment of their Queens Old Castle holding, on the Grand Parade.

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Limestone landmark on Cork's Lapps Quay

CORK City Council looks set to make a small profit on its plans to sell an historic and elegant bank branch, which it bought just over two years ago, thanks to municipal public realm investments and private developments also on the doorstep of 1 Lapps Quay.

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In for the long grind on Maylor Street in Cork

Finishing touches, and staff training among a multi-national barista workforce were in full swing on Cork’s rejuvenating Maylor Street yesterday in the run-up to the opening of a sizeable new cafe/coffee shop, Warren Allen Coffee, set to employ up to 15 when it officially opens its doors next Monday.

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Tipperary hotel has sporting pedigree

A Golden Vale setting by Limerick Junction, and the Tipperary Racecourse, plus 114 acres of land with a Des Smyth-designed championship golf course, will add a certain sporting frisson to the bids for the 40-bed Ballykisteen Hotel and Golf Resort in Tipperary.

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Attractive Skibbereen school property

A €10 million west Cork schools amalgamation later this summer brings Skibbereen’s Mercy Heights school, behind the old convent, up for sale for new uses and development.

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Submissions made about Cork's Albert Quay office proposal

Submissions have been made in relation to the proposed Albert Quay office development, for which Owen O’Callaghan has sought permission in Cork’s south docklands.

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Kent Station revamp will transform Horgans Quay

NEW linkages and a whopping 2 million passengers per year feeding into and out of CIE’s Kent Station Cork will raise the profile of the transport company’s Horgans’ Quay development site, which gets put back out for tender this week.

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Kilbarry Shopping Centre in Waterford back on the market

WATERFORD’S Kilbarry Shopping Centre, anchored by SuperValu and dating to 2000, is valued at €16 million as part of the four-lot €80m retail portfolio called SV4, which is brought to market this week by Savills.

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Lots to choose from as Allsops hammer out latest hot deals

There’s to be 70 commercial lot offers in the first of three Q2 2016 Allsop property auctions: they include seven off-licences in Cork, with a combined reserve of over €900,000, as well as a museum building in Limerick city, along with a number of multi-let residential investments in Munster, and nationwide.

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Under the Hammer: Large premises in Ballincollig suitable for wide range of uses

The former Ballincollig DIY & Garden Centre — an offshoot of a previously relocated business which was originally the Victoria Cross Sawmills — on a good 1.8 acre site with high-quality existing buildings is up for sale, suitable for storage, trading or other new uses.

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Green Barn Restaurant and Garden Centre along East Cork ‘foodie trail’ has all the right ingredients

Will the East Cork ‘foodie trail’ stretch to producing a new owner/operator for the entrepreneurially-developed Green Barn Restaurant and Garden Centre near Youghal?

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Planning Notes: Proposal for hostel at lower end of Cork’s Barrack Street

A hostel has been proposed for construction in numbers 120 to 122 Barrack Street, Cork.

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Clonakilty Townhouse ready to trade

A 1990s-built, yet traditional looking 14-bedroomed townhouse accommodation business in West Cork’s Clonakilty has a guide price of €600,000 as it comes for sale, all ready to trade: even the bedrooms are prepped for guests.

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Three-story Soundstore building in Cork up for sale as an investment

The Cork city centre base of 100% Irish-owned electrical retailer, Soundstore, is up for sale as an investment.

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John Cleary Developments gets Mitsui Denman site

The time has come – once more - for development of the superbly located 32-acre ex Mitsui Denman site by Cork’s Jack Lynch Tunnel and East Gate business and retail park: the Mitsui site has been acquired by John Cleary Developments.

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Technology top-up at Mahon's City Gate back to 100%

Two US-based IT companies have stepped into the space at John Cleary Developments’ City Gate scheme in Mahon, which had been vacated by Tyco and Ardmore Shipping, as those two expanding companies moved last month to JCD’s new landmark One Albert Quay block in the city centre.

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Sports retailers Elverys plays long game

Back-in-the-game sports retailers Elverys are continuing to hit the ground running, with a second Cork store off the busy ring road just acquired, hot on the heels of its just-opened city centre presence on Oliver Plunkett Street.

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Two new eating spots for Cork's Maylor Street

There’s been a move from the Far East, to the near West, in the case of No 15 Maylor Street. The connecting street from Cork’s Patrick Street to Parnell Place has two new eating spots cropping up, setting up either side of the recently opened Elverys Intersport at Mahers

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Auction scene gets even more activity and exposure as agency adds multi-location Spring land auctions to a spread of sales methods

Moving in on the land auction scene with a strong first farm day out is Irish estate agency and franchise operators Sherry

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Penrose Wharf has location down to a tee

TEE-ED up for a sale is Unit No 1 at Cork City’s increasingly prominent commercial hub, Penrose Wharf — the point at which the N27 city route from Cork’s airport ends at the N8.

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Kilkenny’s Lyrath Estate hotel and spa back in the black

GOOD profit levels are now recorded at Kilkenny’s Lyrath Estate hotel and spa on 170 pastoral acres, up for sale a decade after it opened at a development cost of €50m.

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Irish auction sales realise millions

Millions of euros worth of Irish property was sold at two separate auctions yesterday, each streamed live online from Cork and Dublin, and they followed on from a further €12.5 million netted at the inaugural Allsop Private auction last week of 20 properties, at average sale prices of €625,000.

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