Developers set to swoop for Hawkes Road site

A VALUE of over €1 million per acre has been put on what is surely one of the best located suburban Cork sites to come to market in a decade, in Bishopstown, close to the CUH, third level colleges and the city’s ring road.

Given its nature, it’s expected that national developer interest, as well as Munster inquiries, will be forthcoming, which is going to benchmark developer appetite and financing viability for gilt-edged, up-market new-builds.

It’s understood that the Bishopstown land was part of the Project Arrow €800m loan sale to US fund Cerberus over a year ago, and this site’s arrival on the open market has been keenly awaited.