UCC gets go-ahead to transform former bank

University College Cork is set to transform a landmark former bank into a flagship business school hub after the city last night agreed to sell the building to the college.

UCC gets go-ahead to transform former bank

Councillors formally agreed 23-4 to dispose of the former Cork Savings Bank premises on Lapps Quay to UCC for €1.425m after getting assurances that it was the best offer available, and that the building will be available for up to 12 civic functions a year.

The disposal price is almost twice the reported €800,000 acquisition price but council chief executive, Ann Doherty, said the deal will result in a €400,000 ‘benefit’ to the city once costs are covered.

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