TWELVE years after the Irish property, construction, and economic crash, work is finally set to start on the very first non-student apartment development of any scale in Cork City in that time period, in an investment put at €40m.
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.
The country is facing total shutdown from 4pm today with people ordered to stay indoors, schools and colleges closed, rail and bus services halted, and motorists warned it would be “suicidal” to take to the roads.
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.
THERE has been considerable focus recently on the volume of new office stock coming on stream in Dublin, both in terms of the number of schemes under construction and the volume of stock that could potentially be delivered if all schemes in the planning process materialise.
Cork City Council staff have been availing of 120 free parking spaces on a first-come-first-served basis at Navigation House on Albert Quay since the sale of the former council property to development firm O’Callaghan Properties in 2008.