IAWS strategy to dictate plans for key sites

IAWS Group made it clear to the markets yesterday it was not going to allow its two strategic land banks in Cork and Dublin to dictate its future strategy.

At current prices the combined lot of 75 acres based in Cork’s docklands and on the cusp of the M50 could be worth €500m-plus by the time it is finally sold. Presumably that is what the food group will do, given its insistence that it is not a property play.

If it deals cleverly then it will get a huge cash windfall and long-term stake in whatever developments emerge from the two sites.