An Irish firm which provides services to Apple has confirmed that job losses are on the cards after a “client project” finished early.

The Dunkettle interchange projectis vital to traffic flowboth to and from Cork and delays are worrying, says Fianna Fáil leader Micheál Martin.

Five Cork Airport Business Park office buildings, totalling 120,000 sq ft, including two let to Amazon, and which had been by a Norwegian billionaire for over €15 million five years ago, have been sold off-market to an Irish/UK joint venture for over €20m.

Tommy Barker says life can be good and No 10 can get full marks after some gentle tweaks at this terrace off the Old Blackrock Road.

A review of the performance of the Cork commercial property market for the first quarter of 2019 by Lisney gives support to sentiment of a temporary cooling down in activity levels.

Pre-tax profits at the main Irish arm of online retail giant Amazon increased by 30.5% to €39.46m last year, as revenues also soared.

CBRE has just announced the sale by private treaty, of Building 2600 at Cork Airport Business Park.

EASIER commutes and the staff’s desire to be closer to the city centre has inspired Digisoft.tv to move from Cork Airport Business Park to the Republic of Work on the South Mall.

Confirmation of the financial services firm Clearstream to over 70,000 sq ft, plus an optional extra of 20,000 sq ft more for 600 well-paid financial services jobs at Navigation Square on Cork city’s quays makes it one of the very largest-ever office deals in Cork city.

INVESTMENT sales at Cork Airport Business Park are lining up for take-off, and landing, with increased regularity.

A leading cyber-security firm has unveiled ambitious expansion plans after opening a new €1.5m hi-tech security operations centre in Cork.

Objectors to a proposed €180m motorway in Cork have been given less than three weeks notice to prepare a case against it.

THERE has been considerable focus recently on the volume of new office stock coming on stream in Dublin, both in terms of the number of schemes under construction and the volume of stock that could potentially be delivered if all schemes in the planning process materialise.

CALLS for an economic ‘counterbalance’ to Dublin’s bloated overweighting, and for infrastructure investment outside the capital to develop a new tier of cities, have come fast and furious since a strong speech by former Department of Finance head John Moran. 

The largest office building in Cork’s Airport Business Park has been sold to an investor, for just over €5.5 million – and, it is likely to be offered to the rapidly expanding international communications company Newsweaver, whose global HQ is already at the Airport Park.

The corporation tax bill for online retailer Amazon’s main Irish unit more than halved to €4.9m last year despite revenues soaring 45% to €639.3m.

New tenants have been secured for two substantial office suites in Cork, done to a 3G specification including at 6 Lapps Quay, according to Paul Hannon of Lisney.

A Canadian software company which plans to create more than 100 customer support jobs in Cork over the next two years has announced an open recruitment event to fill the roles.

Cork Airport should position itself as a global aircraft leasing hub to take advantage of the multi-billion euro industry, according to European Affairs Minister Dara Murphy.

IN the first five months of 2015, office activity in Cork has been dominated by the FDI sector, with five substantial transactions completed.

Cork company WorkCompass is now making inroads into the UK market with software which is designed to turn management theory into high-performance practice.

A single building let to Logitech at Cork Airport Business Park is for sale for €2.4 million, a year after the separate sale of five investment buildings there to Norwegian trust Adel Crest, for €15.1 million.

Office activity in Cork’s suburbs, especially from FDI companies, has picked up sharply in recent months, according to agent Paul Hannon of Lisney.

Pre-tax profits at the main Irish unit of online retailer, Amazon almost doubled to €24.9m, last year.

2014 was the busiest year on record in terms of the Irish investment market with more than €4bn worth of properties due to be sold by year-end. 

Cork Airport’s poor links to mainland Europe make doing business in the area prohibitive, the Irish operations managing director of a major European financial services company has said.

So is there anything to see in Dingle at all?

Confidence in investment recovery in the past year is evident in the €3m-plus sale to Norwegian buyers of a Bank of Ireland bank branch in Cork’s Wilton suburb.

A SCANDINAVIAN investor is the buyer of a significant office investment in Cork, paying about €15m for buildings at Cork Airport Business Park.

INTERNATIONAL buyers are expected for a clean, and significantly-sized office investment, which includes major employer Amazon, at the Cork Airport Business Park.

A major office complex at Cork Airport Business Park, which is a key local employer, and with global retail giant Amazon among its top tenants, is for sale.

A Congolese national has been remanded in custody after he was charged in relation to the disappearance of almost €60,000 from a US multinational in Cork City earlier this year.

Up to 94 staff are to lose their jobs in GlaxoSmith-Kline after the company announced it was moving a division to Britain.

Ninety-four jobs are to go at the GlaxoSmithKline Financial Services base at Cork Airport Business Park.

Pre-tax profits at the Cork-based Irish arm of the US-owned Altera Corporation last year decreased by 4.5% to $21.4m (€16.7m), new figures show.

LOGITECH is the latest new arrival into the 750,000 sq ft Cork Airport Business Park, where 55,000 sq ft of deals have been finalised since summer, and where book-selling giant Amazon is committing to further space.

A LETTING of 11,500 sq ft has gone through under the radar at a new unit at Cork Airport Business Park.

Cork’s International Airport Hotel, developed five years ago at a cost of up to €40m, is for sale via a receiver for €4.75m.

After one year in operation, the Hauste Group, based in the Cork Airport Business Park, has seen its cloud-based business solutions rewarded with a turnover of €1m and profits of nearly €500,000, writes Trish Dromey