€500m development gets the green light

A BONANZA is a prospect for Cork shoppers with the approval of a €500 million project in Mahon and the planned sale and redevelopment of another shopping centre.

Developer Owen O’Callaghan, the man behind Liffey Valley shopping centre in Dublin, Arthur’s Quay in Limerick, Golden Island at Athlone and several Cork centres, yesterday got Bord Pleanála approval for a mixed scheme at Mahon Point, Cork.

Mr O’Callaghan’s plan for offices, a business park, cineplex, national trade centre and hotel, plus a 220,000sqft shopping centre and retail park, is valued at 450m.