Cork City Council to dispose of second landbank opposite Apple HQ

Council coffers boosted by over €3.1m after sales of two lots in past year to IDA for strategic reasons

Apple, which secured planning permission last year for a major expansion of its Hollyhill campus on its existing car park, intends to use the landbanks for displaced parking. File picture Dan Linehan

Cork’s city councillors have approved the disposal to the IDA of a second publicly owned landbank opposite tech giant Apple’s European headquarters to facilitate the company’s ongoing expansion on the northside.

The decision, made at Monday's council meeting, to dispose of ‘lot B’ for €1.89m brings to over €3.1m the total boost to council coffers from the sale of it and an adjoining landbank, lot A, last year, to the IDA for strategic reasons.