Cork City Council to buy vacant landmark buildings

Cork City Council is poised to buy two vacant landmark buildings in the city centre for development as commercial office space.

It is hoped the strategic double acquisition will encourage the flow of hundreds of new jobs into the city and lead to the development of a major tech corridor in the city’s docklands region.

The Irish Examiner has learned that city council chief executive Ann Doherty has prepared a report for councillors confirming it has agreed terms with Nama to acquire numbers 8 and 9 Parnell Place — the former Flor Griffin outlet and former Mahers Sports outlet — for €1.1m, excluding Vat.