International institutional investor acquires Cork city centre's Half Moon Street development

An international institutional investor and property developer with billions of euros in assets globally has acquired Cork city centre's Half Moon Street development, home to 700 Apple employees, for about 10% over its €34 million price guide.

The completed investment deal, set for imminent confirmation, saw the very active US-based fund and developer with significant, high-profile interests already in Cork and Dublin outbid other international and Irish parties, including pension funds to secure the Half Moon Street property, occupied by Apple, Boots, Matthews, a hair salon and Henry J Lyons Architects.