Cork City derelict site to be sold to facilitate €25m student apartment block

The disposal is subject to conditions, including the purchaser agreeing to enter into a lease agreement with the council on two 271 sq m pods.

The existing derelict North Main St site

A long-time derelict publicly-owned site in Cork City centre is to be sold to facilitate a €25m student apartment project.

City councillors voted last night to dispose of the city council’s leasehold interest in number 96 North Main St to Pantherlee Ltd for €100,000 — half its current market value. The disposal price was agreed over two years ago.