Howard Holdings pays €30m for harbour site
The development company this week signed contracts for 37 acres of the former 100-acre manganese dioxide manufacturing facility in Cork’s Little Island, which closed in 2003 and is now dismantled.
It forms part of Howard Holdings’ strategic intention to become the lead developer in Cork’s docklands campus, as it allows the company to offer relocation sites to businesses currently close to Cork city centre in the docklands quays/Marina/Centre Park Road.
Howards have an option to also acquire the balance of 60 acres of the Mitsui site, comprising storage ponds for sediment during the manganese manufacturing process. They could, if acquired, be used by the developers for landfill capacity for waste material during any future development.
Howard Holdings chief executive Greg Coughlan confirmed the company had signed contracts this week on Mitsui Denman, buying from SWS and the O’Flynn family /South Coast Transport, who bought the 100-acre property two years ago for €15m.
