‘Commercial property crisis’ hitting growth

The Cork region is “facing a commercial property crisis” which could hamper employment growth, Cork Chamber president John Mullins has warned.

“The success of John Cleary’s development in Mahon Point is testament to a demand for quality office locations by newcomers and expanding existing businesses.

“The Government, through NAMA and other agencies, must provide the financing so that this deficit can be met,” Mr Mullins told the Cork Chamber Business Breakfast, held in association with the Irish Examiner.