THE purchaser of a 4.6 acre house development site next to Hilton on the Model Farm Road in Cork city’s suburbs has been confirmed as up-and-coming Munster builder Donal Relihan, of DNR Homes.

A ready-to-build residential site within a few minutes walk of EMC/Dell in Cork’s Killumney and three miles from Ballincollig has come to market, where average cost per ‘stand’ to build on is running at €55,000. It equates to €563,000 per acre.

Ireland’s tallest building, the Elysian Tower in Cork city, is expected to fetch more than €100m when it goes on sale in the coming weeks.

Likely to tick boxes for investors, first time buyers and traders down, the well-kept former investment property is guided at €310,00 by Michael O’Donovan of Savills.

Tommy Barker reports on what is a market rarity theses days — a selection of new builds.

TAKING the long view on sales, in more ways than one, is new homes specialist Lawrence Sweeney of Cork’s Savills office.

A good starter home, in a great location — so says estate agent Florence Gabriel as she joins Sherry FitzGerald in Cork, and lists 2 Rowan Hill at a €210,000 price guide. 

The quite incredible view from Rowan Hill is what sold house number 85 to its vendors just last year. Now, with an unexpected work move and promotion, they have to bid it adieu — less than six months after they moved in.

Cork-based property developer Michael O’Flynn will gain control of around 500 acres of developmental site assets in Ireland and the UK as part of the resolution of his long-running legal dispute with US private equity firm Blackstone Capital.

The O’Flynn construction group has set out "a good arguable case" entitling it to pursue global private equity fund Blackstone over an alleged conspiracy to take over key companies in the Cork-based group, the Commercial Court ruled.

Cork brothers Michael and John O’Flynn have told the High Court they would not be maintaining allegations of wrongdoing against four receivers appointed to their companies by Blackstone subsidiary Carbon Finance.

Cork brothers Michael and John O’Flynn have succeeded in removing the interim examiner appointed to four key companies in their construction group and have been put back in charge of their business.

The High Court will decide next week if it will dismiss an interim examiner appointed to four main companies in the Cork-based O’Flynn Construction Group.

Developers Michael and John O’Flynn will continue their legal battle in the High Court today against what they call an “improper” attempt by US investment giant Blackstone to take over the O’Flynn Construction Group.

A high-wire property development and finance rollercoaster ride continues for O’Flynn Construction.

The Elysian Tower in Cork in many ways symbolises the rise and fall of the Celtic Tiger and now, potentially, the developers behind the landmark project.

Sq m: 153 (1,650 sq ft)

Bord Gáis is checking out of several of its office spaces on Cork city’s Lapps Quay — just as Cork City Council prepares a €2m quay upgrade, to include the €800,000 purchase of the old Cork Savings Bank at 1 Lapps Quay.

All three final bidders for the O’Flynn Group €1.8bn loan book sale via Nama have made offers over €1bn; New York-based Blackstone is set to be confirmed as the buyer, at €1.1bn, by Nama this week.

Agriculture Minister Simon Coveney has downplayed fears that a substantial number of jobs could be lost to Cork if a judicial review delays plans to build offices to house these workers.

Nama is expected to make a profit on the sum it paid for developers O’Flynn Construction’s €1.8bn in loans in 2010, according to market sources.

WHAT value Cork’s prime docklands sites now?

MT CONGREVE, WATERFORD €495,000

The O’Flynn construction group yesterday confirmed that it has sold its loss-making UK-based firm that provides healthcare accommodation for seniors.

A house with a cellar, steeped in Irish and horticultural history, is a summer seller in Cork.

A property firm controlled by the Cork developer, Michael O’Flynn, last year incurred losses of £99.69m (€122m).

This three-bed semi might be a stretch for first-time buyers, but the additional space at front and side is a bonus, says Tommy Barker

There’s a mix of interest, from traders-down to first time buyers. Tommy Barker reports

Tommy Barker meets the owner of this bungalow in the burbs, who has used her interior design skills to make the most of what it has to offer

There’s only a €5,000 difference between these Douglas area, Cork, properties, Tommy Barker reports

THE National Roads Authority (NRA) has said it will announce its preferred option for a multi-million euro upgrade of the Jack Lynch Tunnel /Dunkettle roundabout junction by the new year or early January.

PLANNERS in Cork city are poised to recommend a rezoning to facilitate the development of a “local retail centre” featuring a Tesco Express store in the western suburbs.

Tommy Barker takes a look at a charming seaside cottage that is packed with character

SOME 200 new retail jobs are poised for Cork’s Ballincollig, as supermarket giant Tesco joins a heady and competitive mix in the town that already has two Aldis, two SuperValus, a Lidl — and a large Dunnes Stores.

A THREE-STOREY, three-bathroom, three-bedroomed house with a price handily below €300k is on offer at an asking price of €290,000 at Ballincollig’s Old Quarter.

BACK on the market after a period in rental use, and all freshened up as well, is the detached, 2,000 sq ft Montenotte Cork home, number two, Springfort.