A Cork City landmark premises, Finn’s Corner, and associated with four generations of the Finn family including former Irish and Munster rugby international Moss Finn, who’s a co-director, has been put up for sale, either as an investment or for new owner-occupier use.

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.

FIFTY apartments in Cork’s Harty’s Quay, earning €760,000 a year in rent after 40% rental growth since they last sold, are included as part of one of the country’s largest sell-off of buy-to-let units.

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.

LIMERICK city’s flagship urban renewal project, Gardens International, is 50% tenanted on its official launch this week, anchored by Nordic Aviation Capital, with the remainder of its c 10,000 sq m under active negotiation.

Developers with 'tunnel vision' are being canvassed for a Cork city centre plot, which directly overlook overlooks two sites where work is now underway on €300 million worth of projects.

BUILDER and developer appetites for development sites, especially residential ones, are to be tested in several late, and significant, 2018 Cork city and suburban sales.

INVESTMENT in Ireland’s commercial property sectors may hit €3bn by year’s end, after a particularly strong run-up to the end of Q3, and with several key Cork investments playing a strong regional role.

Property group Sherry FitzGerald is to focus on residential property, new homes, and mortgage provision, after selling its commercial property arm to minority partner Cushman & Wakefield.

ZONED land bought for €21m in 2004, at the height of the boom when Munster developer John Barry of Castlelands Construction was building up to 700 houses a year, has eventually come back to market for just 7% of that peak value, €1.5 million.

BOUNCING back towards full occupancy is Cork’s City Quarter office and retail/restaurant investment, sold last year for €14 million to private clients/investors with MC2

A number of bank investments have come to market, with 17 branches nationwide valued at €28.5m, including the Bank of Ireland branch in Mallow, valued at €3.2m, while in Cork, two former bank branches have also come to the open market with Cushman & Wakefield.

Golf days are about to be knocked out of bounds, as a significant landbank of 78 acres with designated SLR (Strategic Land Reserve) status comes to the Munster housing market, guided at €12m by agents Cushman & Wakefield.

MORE investors are getting out of the housing market in Cork than are buying into it, at a time of unprecedented demand for rental properties, with no new supply of any scale, a gathering of the construction sector has been told.

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.

Tommy Barker says although a few decades old, detached Red Gables is well-sized and well-kept

Two seminal Cork harbour mixed-use development sites with waterfrontage, in Crosshaven and in Passage West, come to the open market this week, being disposed of by the Doyle Shipping Group, and worth over €8m combined.

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.

International investors may be enticed as buyers for The Square Tallaght shopping centre, which has gone up for sale for €233m.

THREE retail-based Cork city investments, worth a combined €3 million-plus and each promising a yield of c.8.25% come to the open market this week with Cushman & Wakefield, pitched at private investors, and to those in search of pension income.

Development land just east of Cork city, at Glounthaune and near the commuter rail station, has come up for sale, described as “a prime residential development opportunity” by Frank Ryan and Seamus Costello of Cushman & Wakefield.

Towering ambition, Munster passion and a long-proven New York track record in building skyscrapers and working on Manhattan’s ‘Ground Zero’ rebuild are behind soaring plans for an extraordinary Irish site that’s been dubbed “the key to Cork’s docklands future”.

A TRIO of terraced 1890s-built villa buildings, facing the UCC campus and main entry gates on Cork city’s Western Road is up for sale in one lot for €2.35 million, pitched for student accommodation, residential, offices or academic/medical-related uses, with possible further development to rear.

THE sale of two residential apartment blocks, set to have rents rise to c €400,000 per annum after imminent reviews, is set to strike a chord with multi-let investors — especially as the blocks in Tralee, Co Kerry, are not in a rent pressure zone and thus are unaffected by the new, rent-limiting measures introduced in recent months by Government.

Warehouse/industrial units ranging from €300,000 to €1.5m on Cork City’s outskirts have come to market this month, at Little Island and at the Kinsale Road.

A DEAL worth up to €14m is to be signed in coming days on the remaining investment — including the Boardwalk bar and restaurant — at Cork city’s seminal City Quarter. 

With most of Cork’s suburban retail parks now at or close to full occupancy, the arrival of UK homewares chain The Range as the anchor tenant at Eastgate Retail Park sees another c 60,000 sq ft taken up, and a new brand name enter the recovering Munster retail fray, with a product range spanning 65,000 items.

Tickets are likely to be in hot demand for a black-tie dinner address next week by John Delaney, the former vice-president of the Olympic Council of Ireland and the CEO of the Football Association of Ireland.

Nama has insisted it got the best price possible for its controversial Northern Ireland property portfolio.

The biggest buyer of soured real-estate debt in Europe says disposals of non-performing loans from across the continent’s banks and governments will continue until at least 2021.

European Central Bank stress tests of lenders will create real estate investment opportunities this year as the region’s banks shore up their balance sheets, according to the head of Axa SA’s property unit.