A Cork City landmark premises, Finn’s Corner, and associated with four generations of the Finn family including former Irish and Munster rugby international Moss Finn, who’s a co-director, has been put up for sale, either as an investment or for new owner-occupier use.
The arrival of a US-based IT/digital-based international marketing company to high-spec offices within a 200-year old Cork city centre Georgian building — and one which had had lain idle for over a decade — speaks volumes for the street’s renewal, and changing tecchie tenant profile.
The tallest office building so far developed in Cork City, Penrose Dock next to Kent Rail Station at up to nine storeys, is setting an even more impressive record: its first core and lift shaft is up to full height, less than a year after the €125m project on the city’s north quays first applied for planning permission.
A number of bank investments have come to market, with 17 branches nationwide valued at €28.5m, including the Bank of Ireland branch in Mallow, valued at €3.2m, while in Cork, two former bank branches have also come to the open market with Cushman & Wakefield.
Golf days are about to be knocked out of bounds, as a significant landbank of 78 acres with designated SLR (Strategic Land Reserve) status comes to the Munster housing market, guided at €12m by agents Cushman & Wakefield.
A number of new office occupiers and sale deals are coming to an end-of-year close in the heart of Cork city, at Lapps Quay, at City Quarter, and at the Elysian, where a new walk-in medical clinic is set to open next month and where a new restaurant letting is agreed. Plus there’s 12,000 sq ft of offices at the Elysian under active negotiation via Lisney.
The €45.6m purchase of the John Cleary Developments’ Capitol development in Cork city by a German pension fund “is a major confidence boost for the city” and a positive omen for new development, according to Goodbody investment analyst Colm Lauder.
THE €45.6 million purchase of the John Cleary Developments’ Capitol development in Cork city by a German pension fund “is a major confidence boost for the city” and a positive omen for new development, according to Goodbody investment analyst Colm Lauder.
THREE retail-based Cork city investments, worth a combined €3 million-plus and each promising a yield of c.8.25% come to the open market this week with Cushman & Wakefield, pitched at private investors, and to those in search of pension income.
Towering ambition, Munster passion and a long-proven New York track record in building skyscrapers and working on Manhattan’s ‘Ground Zero’ rebuild are behind soaring plans for an extraordinary Irish site that’s been dubbed “the key to Cork’s docklands future”.
A TRIO of terraced 1890s-built villa buildings, facing the UCC campus and main entry gates on Cork city’s Western Road is up for sale in one lot for €2.35 million, pitched for student accommodation, residential, offices or academic/medical-related uses, with possible further development to rear.
THE sale of two residential apartment blocks, set to have rents rise to c €400,000 per annum after imminent reviews, is set to strike a chord with multi-let investors — especially as the blocks in Tralee, Co Kerry, are not in a rent pressure zone and thus are unaffected by the new, rent-limiting measures introduced in recent months by Government.
With most of Cork’s suburban retail parks now at or close to full occupancy, the arrival of UK homewares chain The Range as the anchor tenant at Eastgate Retail Park sees another c 60,000 sq ft taken up, and a new brand name enter the recovering Munster retail fray, with a product range spanning 65,000 items.