COMMERCIAL PROPERTY

Ballincollig site cleared for flight

A significant CIF briefing in Cork today will address the issue of economics and viability of new house building in current market conditions and at today’s residential values — and, ironically, today is also when marketing starts on a top location site for upmarket new builds on Cork’s western fringes, between the affluent western suburbs and employment hot-spot Ballincollig.

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Control House in Shanbally is perfectly positioned

Timing, they say, is everything — and, the timing looks right for the proposed sale of a corporate HQ-type property by Cork’s evolving harbour and port facility near Ringaskiddy.

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Planning notes: Gresham Metropole refused permission to develop parking facility

A Cork city centre hotel has been refused permission to develop parking at a former car showroom near its rear entrance.

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Under the hammer: Retail opportunity in ‘Clon’ comes with dual street access

A West Cork retail investment, previously occupied by a pharmacy has been put up for sale, with dual street access, in the heart of Clonakilty town.

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More than €6 million paid in Munster hotel sales

Munster hotel sales are early out of the traps for 2016, with more than €6 million paid in all for three well-known entities.

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Lack of investment in infrastructure comes into focus in Cork

The lack of investment in our infrastructure has come into sharp focus in Cork in the past few months. People are affected by grinding traffic congestion, floods in untypical areas and a basic lack of available residential housing.

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VIDEO & PICS: Cork's One Albert Quay set up for Tyco arrival

THREE weeks away from moving the first 270 Tyco staff of 700 proposed in the multinational giant’s global HQ into the €50 million-plus Cork office development One Albert Quay, the John Cleary Developments 170,000 sq ft landmark building “will act as a talent magnet for Tyco, and for Cork.”

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A mixture of old and new at Georges Quay, Cork

A CORK city office investment comes for sale this week for €2.5 million, just as a law firm in Ireland’s Top 20 prepares to move into it.

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Application to open coffee shop on iconic Cork city centre location

Cork City Council should decide within days whether to permit a café to be developed on a busy city centre corner.

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Cork's former St Patrick’s Hospital to be used by Griffith College

Cork City Council has given the go-ahead for third-level teaching by Griffith College in the old St Patrick’s Hospital on the northside.

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Former Xtra-vision shop could be a block-buster location for new trade in Douglas

An overall rent of €100,000 a year is sought for the ground and first floors of “the best pitch in Douglas.”

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Room for more hotel sales as over €710m worth of Irish hotels transacted in 2015

Record numbers of hotel beds are continueing to change hands in a major shake-up of the tourism and hospitality sector.

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Confidence returns to Cork as recovery prompts retail to take centre stage

Retail will move centre stage in Cork during 2016, with economic recovery prompting new city centre developments, new trader arrivals, and the sector will also be characterised by moves to ‘market’ rent negotiations, where rents can go up or down, a final end to the ‘upward only’ regime.

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75:25 split for Cairn Homes and Loan Start on €503m Project Clear acquisition

DEVELOPMENT sites in Cork now acquired by listed home builders Cairn Homes and private equity group Lone Star as part of this month’s €503 million Ulster Bank Project Clear swoop include land at Castletreasure outside Douglas, AbbeyFort in Kinsale, a 0.45 acre site at Dennehys Cross and the fire-damaged Good Shepherd Convent in Sunday’s Well.

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The Bike Shed moves up a gear with relocation right between UCC and CIT

It’s a new phase of a business cycle: a surge in cycling activity in Irish cities, fuelled by schemes such as Bike to Work and bike sharing City Bikes with multiple docking stations has prompted a four-year old Cork city cycles business to relocate, and expand.

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Planning Updates: Dublin Airport to ease passenger movement

A range of improvements for passengers at Dublin Airport are to be submitted for planning permission.

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Cork city's docklands and quays to see renewed activity in 2016

After almost a decade in the doldrums, renewed activity is expected across a number of fronts in Cork city’s docklands and quays in 2016, with knock-on effects on major sites downriver in Cork harbour including Marino Point and Ringaskiddy.

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Retail pick-up boosts investments in Cork city centre

Investment property activity is continuing through to year’s end in and around Cork city centre streets by the Penneys site, which is expected to go forward for planning permission next month for a major redevelopment, after a two-year site assembly

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Suburban site selling for €800,000 per acre in Ballintemple

Yet more millions of euros is being paid for prime Cork development sites, including the Eir site at suburban Ballintemple.

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Permission extended for housing scheme in Bishopstown

An extension of planning permission for a scheme of more than 250 houses and apartments in Bishopstown has been cleared by Cork County Council.

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Good deal just got better at Cork city’s prime city centre site at Square Deal store

A strong development-play deal close to €6.5m is in final stages of negotiation, on Cork city’s prime city centre 0.8 acre development site at the Square Deal furniture store.

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Slender apartments in city centre earns €67k a year in rent

One of the more unusual-looking self-contained apartment developments in the heart of Cork City, developed in 1998, has been put up for sale as one lot.

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Cork commercial deals slow but looking healthy according to Lisney

The Cork commercial market is coming off something of a purple patch but, according to Lisney’s third quarter update, it may be starting to take a breather.

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Investor appetites whetted at Cork city cafe sale

Froth in the property investment market has meant a coffee shop and restaurant building has been bought for 30% over its initial guide - at a cool ‘costa’ €1.6 million.

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Invesco and Newsweaver take substantial office space in Cork

New tenants have been secured for two substantial office suites in Cork, done to a 3G specification including at 6 Lapps Quay, according to Paul Hannon of Lisney.

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Argos property rich in history is for sale in Cork

The Queen’s Old Castle is perhaps Cork city’s most storied site.

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SCSI prepares for annual dinner and former Munster chair Rob Andrews recalls his career in quantity surveying

Munster surveyors in the SCSI meet tomorrow night for their annual dinner, at a time of recovery in the construction profession. Here, former SCS Munster chair Rob Andrews surveys his own half-century in quantity surveying.

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Carmel Somers' Good Things Cafe set to move to Skibbereen

There’s good news this month on the hospitality front for West Cork’s Skibbereen.

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Sam's bar complex at Barrack Square in Allsop's end-of-year auction

Auction sales are set to continue to year’s end. Allsop’s final 2015 event takes place next month having over €43 million in reserves, and which includes a bar/restaurant business in Cork’s Ballincollig at circa €1 million, as well a city centre off-licence and three unfinished apartments near UCC on Washington Street/Little Hanover Street, guiding €350,00/€400,000, with a lease expiring in December 2016.

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New Dinty’s of Union Hall owner in situ for seasonal pick-up in West Cork

The reins have been handed over at one of West Cork’s seasonally busiest food-based bars, Dinty’s of Union Hall.

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