A Swiss-based investor has commenced building a portfolio of Cork city centre properties, having spent close to €5 million to date, acquiring a number of well-established buildings on Oliver Plunkett Street and St Patrick’s Street, with over 12 tenants combined, and getting an average 8% rent return on his purchases.
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.
Green fields are just over the back/side wall of 168 Curragh Woods in Cork’s Frankfield suburb: it’s right at the current development boundary, on these suburban hills south of the city, stretching up towards Cork’s Airport Hill by Ballycurreen.
A recovery in trade in one of Cork’s city centre’s under-performing streets — Academy Street — is heralded with the opening this weekend of a new restaurant, CoqBull, which replaces hospitality supremo Jay Bourke’s long-established Cafe Bar Deli.