Council puts 51 conditions on Cork's largest-ever development of 1,300 homes

Developers told they must not sell any of the new docklands properties to hedge funds

A visualisation of the planned south docks development in Cork, looking north east towards the river Lee, Kent Station, St Luke's, and Montenotte.

Planners at Cork City Hall have signed off on the city centre’s single biggest ever residential development plan — but has told developers they must not sell off any of the apartments to hedge funds as one of the conditions of its approval.

Leeside Quays Limited, which is a subsidiary of O’Callaghan Properties, lodged an application with Cork City Council earlier this summer seeking permission to develop over 1,300 residential units at the Goulding’s site, Centre Park Rd, and Monahan Rd, in the city’s docklands. It is expected the development is likely to be worth over €600m.