€40m sale shows there’s life in Cork property market

A Cork office scheme which is due to host several hundred new EMC jobs, has just been bought as an investment by Irish Life for as much as €40m.

The deal, at City Gate in Mahon, is one of the largest single investment sales outside of Dublin in recent years.

It will be seen as a vote of confidence in Cork’s burgeoning tech sector, with the investment market seeing the city as a viable and bankable foreign direct investment employment hub — and an investment option for funds.