Having sold 33.8 acres of Limerick residential development land at Castletroy for up to €8.5 million, or €375,000 an acre, agents Savills now have a similar sized 21-acre lot on the other side of the city, price-guided at €200,000 per acre at Mungret.
Wed, 03 Apr, 2019
Greenfield sites hardly come any better, or beguiling, than this. Seven acres of ‘farm’ land, recently shorn of its annual crop of maize, between the two main Douglas Roads in suburban Cork, within a walk of the city centre have just come up for sale as a truly prime development opportunity.
Thu, 01 Nov, 2018
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.
Thu, 22 Feb, 2018
Cities around the country are screaming out for housing stock. The knock-on effect is skyrocketing prices, leading to claims that it will soon be beyond the average family to afford to live in any of our cities. In fact this could well already be the case in some sectors.
Thu, 28 Sep, 2017
A ready-to-build residential site within a few minutes walk of EMC/Dell in Cork’s Killumney and three miles from Ballincollig has come to market, where average cost per ‘stand’ to build on is running at €55,000. It equates to €563,000 per acre.
Thu, 21 Sep, 2017
Thu, 16 Feb, 2017
The Office of Public Works’ mapping of potential flooding in Cork county is seriously inaccurate in a number of locations, it has been claimed, forecasting “Noah’s Ark” extremes and paving the way for insurance companies to hike up cover or refuse it altogether.
Wed, 25 Jan, 2017
Thu, 19 Jan, 2017