Australian financial services group Macquarie joins €150m bid for Cork events centre

O'Callaghan Properties confirm they are not taking part in the process

One of three confirmed proposals for an Events Centre in Cork includes the Marina Market retail location in the Cork docklands. Picture: Larry Cummins

Asset management and banking giant Macquarie has joined the race to develop an events centre in Cork, supporting the proposal for a concert arena at the Marina Market in the city’s docklands as developer O’Callaghan Properties confirm they are not submitting a proposal.

Last week saw the deadline arrive for submissions of event centre proposals to Cork City Council through the suitability assessment questionnaire (SAQ) process.