Former IFI plant bids may lead to new use and jobs

After years in abeyance, Cork harbour’s infrastructural asset Marino Point may be poised for new uses and employment, subject to its multi-million euro sale being ratified by Nama in coming weeks.

Four to five ‘best bid’ expressions of interest — including from possible front-runners Port of Cork — were received last Friday by selling agents DTZ for the former IFI plant on 114 acres, with deepwater jetty and rail link.

Estate agent Frank Ryan of DTZ said he was confident a sale would follow from the process, but he declined to say if a preferred bidder had emerged from the process.