O’Callaghan to invest €300m in Mahon land

PROPERTY developer Owen O’Callaghan is to invest a further €300m near Mahon in Cork as part of a massive residential development.

O’Callaghan Properties is to seek permission to build 325 apartments, including one 21-storey residential tower, a 184-bed hotel and other facilities at Mahon.

The location is for a 10.4 acre section of land on the southern side of the south city ring road — across a busy road from the Mahon Point Shopping Centre, and a half a mile from the Jack Lynch Tunnel The site had been earmarked for the National Event/Conference Centre in the original €50m purchase deal of 111 acres of land at Mahon from Cork City Council almost a decade ago.