Harbouring ambitions for Cork site

A Cork harbour site which once sold for €25m to Howard Holdings comes to market in the same week as the city’s Howard Holdings-developed Clarion Hotel sells for €35m.

While the Clarion hotel sale, at City Quarter, on Lapps Quay, to Delata, is a sales coup, the waterfront site at Passage West has plummeted by 90% in value, and is now offered at €2.75m by James O’Donovan and Peter O’Meara, of Savills.

The former Haulbowline Industries site, sold by the Hill family in 2006 to Howards, who’d planned a necklace of developments along Cork harbour, faces across the harbour pinch-point to the old IFI Marino Point site of 114 acres.