Major port site sale

CORK harbour and port amenity with a deep water jetty at Marino Point is to be sold after a ‘Best Bids’ process in October, with a price expectation of up to €7m indicated.

The decision to take the 114-acre strategically sited property to sale finality was taken by agents DTZ, acting for receiver/manager David Hughes of Ernst and Young.

That facility’s purchase and new uses repeatedly have been linked to Port of Cork, and discussions about a Port takeover have taken place intermittently in recent years, but never progressed to a sale. Other possible purchasers have also expressed interest in the key-located site, principally for energy generation and production, mostly linked to biomass, and the utility of a having jetty capable of berthing 25,000 tonne ships, next to a rail line, is seen as a strong asset.