Apartment build in Cork City restarts after 12 years

Building works are set to start up again after a 12-year hiatus on Lancaster Quay in Cork City with a €40m investment in 88 apartments aimed squarely at the high-end rental market.

It is the first new apartment development, excluding expensive, purpose-built student accommodation, to start construction in Cork City in well over a decade, only made financially viable as the ground works have been in place since 2008, offsetting a significant portion of the costs.