TWELVE years after the Irish property, construction, and economic crash, work is finally set to start on the very first non-student apartment development of any scale in Cork City in that time period, in an investment put at €40m.

NOT all of the ‘Cuckoo’ funds currently snapping up Ireland’s apartment blocks in fell swoops for fat profits are vultures, predators, or pension and international funds seeking top rents.

Tommy Barker An entire apartment development with 62 units in Cork city’s suburbs is for sale, as a single lot, being offered to investors with a guide price of €17.5m.

FIFTY apartments in Cork’s Harty’s Quay, earning €760,000 a year in rent after 40% rental growth since they last sold, are included as part of one of the country’s largest sell-off of buy-to-let units.

A controversial Cork city convent site, which has had five owners since 1996 and which was twice ravaged by fire, in 2003 and again 2012, is back for sale.

AN overseas investment fund, as yet unconfirmed, is the buyer of the c€30 million residential-led investment sale of the City Square development, in Cork City’s Blackpool, which has a weekly income of €40,000, or c €2m per annum.

THE quiet market sale of a €30m-plus residential development, totalling 165 apartments in Cork’s Ballincollig, is likely to see a continuation of overseas buyers and funds now looking for multi-family investments of scale, outside of the Dublin market.

THE imminent sale of the Elysian tower development to an as-yet unconfirmed international fund, with 217 fully let apartments and commercial units at what’s understood to be a 5% return, may see a snowball effect of REITs and funds interested in Cork city’s multi-family unit sector.

Traffic in a British city centre has been brought to a standstill by a man who climbed a lamppost and refused to come down.

TWO prime Waterford City investments worth €13.5m — one next to where Wetherspoons have acquired a 4,000 sq ft city footprint for a new bar — are new to market for a local family of investor/owners.

Billing itself as a top Waterford city four-star hotel, the modern-build Fitzwilton comes for sale with a €2 million price guide, just in time for the city’s 1100-year anniversary celebrations.

A NEW sales and letting pitch is to be tried at Cork’s City Square development — the pitch is ‘space for free.’

A man from Cameroon who was working for a hotel reservations company in Cork and fraudulently claiming over €4,000 in jobseeker’s allowance was sentenced to three months in prison yesterday.

I really had to smile when reading earlier in the week about the so-called sustained gamble on Aidan O’Brien’s Cristoforo Colombo for next Tuesday’s Coventry Stakes at Royal Ascot.

FOUR Cork businessmen have had judgment orders totalling more than €236 million entered against them to date in favour of three banks arising mainly from unpaid property loans.

FOUR businessmen have consented before the Commercial Court to some €63 million summary judgment orders against them over unpaid loans.

Up to 2,500 students have been marching in Waterford city today to protest against the possible reintroduction of third-level fees.

MOBILE phone operator, O2, has denied that it underestimated Irish demand for the Apple 3G iPhone which is sold out in the majority of shops.

A NEW green route walking path, through woods and along the glenside of the Donnybrook stream, will link the house scheme The Vicarage with the very heart of Douglas village in Cork, and, almost coincidentally, make it an easy stroll to the suburban village’s two churches. And schools. And shops, bars and everything else.

A PUBLIC competition will decide the name of a €280 million development that aims to be the jewel in Waterford city centre’s crown.

NAVY divers have been placed on alert for a possible return to Hook Head next Wednesday for a fresh attempt to recover the bodies of five fishermen missing since the Pere Charles sank 10 days ago.

ELEVEN senior staff at the former Roches Stores outlet in Waterford city have been suspended without pay after unofficial industrial action at the store on Saturday.

Three men and a woman were being quizzed tonight after a stabbing in Waterford city.

THE Guinness Book of Records celebrated its 50th anniversary in Dublin yesterday with a line-up of new record holders, including a TV3 crew who beat the world record for putting on a duvet cover and then equalled the record for cramming the most people into a Smart car.

TV presenter Lorraine Kelly was taking part in a special inauguration ceremony involving a pub crawl as she was installed as a rector of a university today.