A West Cork farmer, businessman and developer has just acquired the three, completed high-end buildings in the Waterfront development, in an off-market deal (likely to be sub €1m) with sources saying he plans to open a whiskey distillery business and visitor centre there.
The high-profile contemporary buildings include several apartments,one was previous occupied by a gaelscoil, and all are to be marketed by estate agent Martin Kelleher.
The total seven acre waterfront site (at one stage sold for c €9m by Clonakilty GAA) was sold by Lisney in late 2014 for €2m.
It was acquired by Kieran Coughlan of Lyonshall, who is expected to seek planning permission on portions of the balance of the site for other developments, to include an Aldi.
There’s already planning for a three-storey building for Aldi, but a lower building is now likely and possibly on a different section of the site.
Last year a Lidl opened across the road from the Waterfront site.
The two discounters are also facing off against one another in Wilton, Cork, where Lidl paid €2m for a site this summer, close to where an Aldi is set to open within the next week or so on a site Aldi paid €3m for.