Tyco’s 500-job return a boost for Cork City

Confirmation of last week’s Commercial Property exclusive story about 500 jobs coming to Cork in a major FDI investment came this Monday with Tyco publicly named as the new arrival, or returnee.

The IDA-negotiated jobs coup sees Tyco back in Cork and sources say that while it is initially due to take space at City Gate Park in Mahon, the company’s aim is to ultimately locate in the city centre.

Tyco’s intended site is BAM Construction/John Cleary’s amalgamated office site on Albert Quay. However, planning was only lodged for this site in Dec 2013, for 200,000 sq ft of office in a building costed at €50m, with proposed floor plates of as much as 30,000 sq ft per floor.