20 year development time-frame for 31-acre docks site

Irish investment funds IPUT and Davy have made two separate swoops on suburban Cork retail assets.

The agri-services group Origin Enterprises says it has reached “conditional agreement” for the disposal of up to 31 acres of land it owns on Cork’s south docklands in to O'Callaghan Properties for up to €47.5m.

Cork City's curvaceous Half Moon Street development, anchored by Boots chemist at its lower level as its main flagship pharmacy in Cork, and occupied overhead by offices for Apple Europe, is for sale as an investment, with a guide price of €34 million.

With 700 names registered on the development's website, 40 sales already secured and prices edged up by €5,000 since January, it's a fair conclusion to expect huge viewing interest and volumes of visitors when Cork's Ballincollig development Heathfield finally unveils its first showhouse, and 27 units

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.

One of Ireland's most successful property developers, Owen O'Callaghan, has died, writes Eoin English of the Irish Examiner.

Planning permission has been granted for a new private hospital in Cork, which its operators say will create 650 jobs.

WAS 2005 the year when the craziness went truly mad? Or made? Walford, a Dublin Shrewsbury Road house, sold in summer for a mind-blowing €58 million, on 1.8 acres, and may or may not have development potential.

PROPERTY tycoon Owen O’Callaghan yesterday announced he is to demolish Cork’s Jury’s Hotel in a €160 million redevelopment that will see the loss of 250 jobs.

ON July 3 1984, 20 years to the day before today’s Cork City Sports, the giant Russian thrower, Yuri Sedykh, threw the 16lb hammer a remarkable 86.34 metres at the Mardyke, smashing the world record.

EAST of Cork city, at the boundary with the harbour by Mahon, is Eden Court — a private niche housing development built in the 1980s and set to benefit from the area’s current economic uplift.

A COMPACT inner suburban Cork city site with planning for just five townhouses made a very strong €800,000 at auction last week.