Glenveagh to deliver 337 homes in Cork Docklands in €150m deal

Company has planning permission for additional 176 units

The Glenveagh site for a residential development that will see more than 1,000 apartments built on the prime docklands site in Cork city’s golden Marina Quarter, near the new Marina Park. Picture: Larry Cummins

Glenveagh Properties has completed a deal worth €150m to deliver 337 homes in Cork's Docklands for the Land Development Agency.

The transaction announced on Monday confirms an Irish Examiner report and follows the LDA’s appointment of Glenveagh to a Framework Panel last September under a tender process for the “Tosaigh 2” initiative. Under the terms of the transaction, the LDA has bought the homes through a “forward funding” mechanism and construction has already commenced.