The long-anticipated sale by Nama of €300m in property portfolio loans, associated with a number of O’Callaghan Properties (OCP) assets in Cork, has been welcomed by the company itself as “very positive” and could bring fresh and further investor activity to the city.

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.

Plans for Cork City centre’s largest office complex, worth €90m, are about to be submitted for permission by O’Callaghan Properties.

Last week’s collective confirmation of major development projects for Cork gave a welcome fillip to everyone in the city, writes Owen O’Callaghan MD, O’Callaghan Properties 

Plans to build a multi-million euro events and conference centre in Cork is in turmoil after one of two developers — O’Callaghan Properties — who were in the running pulled out at the final tender stage.