Tunnel site for a dig-out

A 32-acre landbank “with scope to be the next Eastgate Business Park” has come for sale alongside the Jack Lynch Tunnel in Cork, right by where new roundabout junctions are proposed for the €100m Dunkathel interchange upgrade.

Sold at one stage for €30m, and now being disposed of for receivers KPMG, the 32-acre plot has an asking price of €2.2m, or €62,500 per acre for primely-set industrial/warehouse heartland territory, with possible higher end/office uses in coming years.

Part of the former 100-acre Mitsui Denman manganese dioxide manufacturing plant, it has already sold twice for redevelopment, but still remains fallow or, at least, brownfield, with heavy old plant removed.