Six acre site for luxury homes sold

An unidentified, out-of-Cork purchaser has emerged as the €2million-plus buyer of a six-acre residential building site with planning for 18 luxury homes, on the city end of Cork’s Blackrock Road.

The Cleve Hill site, previously owned by Howard Holdings, was put to market last year by Nama via DTZ Sherry FitzGerald, and concluding a deal appears to have been protracted.

Sources say the buyer is from out of the area and not a regular Munster player/investor, but DTZ have resolutely refused to confirm any details.