AN overseas property investment company acquired over 300 apartments in Cork in 2018, in two strong swoops for €67m combined - instantly making it the region’s largest PRS [Private Rented Sector] landlord to date.
Thu, 10 Jan, 2019
There’s a sale agreed, at over €16 million, of the 43,000 sq ft Webworks building, next to Cork City Hall and the Elysian. It’s understood to be to a European fund, after considerable interest was shown in the fully occupied building, where an expected 2019 rental uplift fuelled investor demand.
Thu, 08 Nov, 2018
The former St Kevin’s Asylum, and over 14 acres of zoned land, has finally been placed on the market for sale by the HSE, with a €2.95 million price guide via agents Lisney, who say it has clear residential development potential.
Thu, 22 Mar, 2018
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.
Thu, 30 Nov, 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
THE chance to have Apple as a tenant in a Cork investment property sale will catch the eye and engage the interest of strong investors nationwide — as will the promised 10.65% net initial yield on offer in the case of two building sales valued at €7.25 million.
Thu, 11 May, 2017
Thu, 04 May, 2017
The location of two, 19th century stone warehouse buildings (plus an investment property currently let out as an adult shop,) on a central 0.42 of a Cork city centre acre put up for imaginative redevelopment is what underpins an asking price close to €2m, for the property and site’s owners and vendors, Cork City Council.
Thu, 16 Feb, 2017
It is understood that the distinctive office block at No 1 South Mall, Cork, has now gone sale agreed with agent, Lisney. This unique building in the heart of Cork’s business district was offered for sale in March of this year on behalf of receiver Michael McAteer of Grant Thornton.
Thu, 30 Jun, 2016
CORK City Council looks set to make a small profit on its plans to sell an historic and elegant bank branch, which it bought just over two years ago, thanks to municipal public realm investments and private developments also on the doorstep of 1 Lapps Quay.
Thu, 14 Apr, 2016
Thu, 07 Apr, 2016
S IRELAND’S property investment market returned to new highs with 40% overall Y-O-Y returns for the final quarter of 2014, Cork city’s property investment market has also been tracked and benchmarked internationally for the first time ever.
Thu, 29 Jan, 2015
JUST sold for year’s end, after 40 inquiries and a competitive tender process for a receiver, is the Kinsale Road Business Park in Cork - by the city’s busiest traffic junction, the Kinsale Road Roundabout, passed by 85,000 cars a day.
Thu, 11 Dec, 2014
The Ennis Book Club Festival (March 7-9) is a reader’s delight. “Other literary festivals are about writing skills and getting published. Our workshops are different. One of our really popular events is called ‘Ten Books You Should Read’,” says chairperson, Ciana Campbell.
Fri, 07 Mar, 2014