CRIME and poverty rates in Cork, as well as waste management strategies, public transport and sustainability issues were among the indicators a €9bn German investment fund used, before deciding to spend €19m in a Cork city centre property investment, at the Webworks building.
Are the good times really back for the property business? Certainly a number of lead indicators are very positive with the best indicator of all, the crane count, at its highest level since the boom times of the early to mid 2000s.
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.
Recruitment firms on the move and in an upward trajectory themselves can be seen as a bellweather of change in the wider economy. Thus, the denizens of Cork’s South Mall will be glad to see the arrival of not one, but two such firms to the South Mall: FRS Recruitment, and IT recruitment specialists Stelfox.