A DEAL worth around €16m has been reached on the first bank/receiver sale of an entire apartment and retail scheme in Cork, at suburban Dennehy’s Cross.

A Cork suburban scheme of shops and 142 apartments at Dennehys Cross is part of a €75m investment and distressed assets sell-off, to include 500 Dublin apartments, by Ulster Bank.

ULSTER Bank’s move on €100 million worth of Cork city property assets belonging to the Frinailla Group is the largest market casualty to date yet in the southern city.

IRONIC, really — some of the country’s best apartments, finally built with enough space, storage and services to support long-term use and designed to suit owner occupiers and what happens? The property market dies, and first to go is the apartment buying sector.

A CITY HALL has initiated legal action against the owners of a former bakery site for allowing material including asbestos to be stored on it.

A BIT of renovations and No 45 Farranlea Park off Cork’s Model Farm Road could be a bit of a banker for a shrewd buyer.

CORK city is to get a brand new public library, twice as large as its current facilities, on its existing Grand Parade site.

A DEVELOPMENT company gave assurances last night that unfinished apartments on a building sites picketed by workers will be completed.

A SPECIAL cold weather shelter has opened in Cork to ensure no one has to sleep rough in the city this Christmas.

RESIDENTS lodged an appeal with An Bord Pleanála yesterday against plans for another apartment block in a Cork suburb.

SITES for new shops are being assembled quietly on and off Grand Parade in Cork.

DEVELOPERS Frinailla are firing on many cylinders, with apartment schemes selling quickly in Midleton and Ballincollig in Co Cork, and with major residential and commercial plans in the planning process for Grand Parade and Watercourse Road in the city centre.

WILL an out-of town developer move far enough south to take on the redevelopment of the Dunkathel estate - and to outbid the handful of locals keen to get their hands on a site for a c300 house scheme plus luxury hotel?