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.
CONSTRUCTION work will roll from one block to another at Cork city’s largest ever office scheme, Navigation Square, over the next three years, pledged developer Brian O’Callaghan this week.
Developers JCD have made an off-market multi-million euro swoop on the Cork city Albert Quay site occupied for the past 50 years by family-owned Carey Tools, including the Sextant bar which was subsequently acquired by the Carey family.
A €1bn Texas-based cybersecurity company, Forcepoint, is to occupy two floors of Cork city centre’s new office block, 85 South Mall, intensifying the 21st-century tech corridor on the southern capital’s most traditional business, banking, commerce and services boulevard.
A ‘tech corridor’ is emerging on Cork City’s venerable South Mall — the historic commercial boulevard is now to be bookended at the iconic 97 South Mall by fast-growing company Eventbrite, who may employ up to 100 employees there over the next few years.
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.
The first store in the newly-developed €50m retail and office complex at the old Capitol Cineplex site in Cork opened its doors yesterday — and will inject new life into one of the city centre’s most historic areas, according to leading business figures in the city.
Global 21st-century tech giant Facebook, along with Chinese firm Huawei and US cyber security company Alien Vault, are to keep company with a repolished Cork pearl, the 18th century-founded Oyster Tavern, as the line-up for the city centre’s €50m Capitol shops, office and bar development is confirmed.
PROPERTY fund IPUT, with some €2bn in investments and which celebrates 50 years in the investment game this year, is seeking to offload three Cork city centre retail investments at the western end of Patrick Street, guiding €9.5 million, or a c 6.15% yield.
An international anti-virus and cybersecurity company, Cylance, is to open offices on Cork city’s South Mall: a formal jobs announcement and commitment is due within days. It’s one of several new office moves on the South Mall, with Irish Life Health also taking space on the street from next week.