AN overseas investment fund, as yet unconfirmed, is the buyer of the c€30 million residential-led investment sale of the City Square development, in Cork City’s Blackpool, which has a weekly income of €40,000, or c €2m per annum.

THE quiet market sale of a €30m-plus residential development, totalling 165 apartments in Cork’s Ballincollig, is likely to see a continuation of overseas buyers and funds now looking for multi-family investments of scale, outside of the Dublin market.