Prime Cork City redevelopment site sold for over €7 million

One of the best remaining, compact prime redevelopment sites in Cork city has been sold for over €7 million, for 0.63 of an acre, or for the equivalent of €11 million per acre, to Dublin-based purchasers. The river-fronting plot, facing City Hall and by the South Mall, is likely to be developed for mixed hotel/office use, at up five-storey heights.

Behind the swoop on the combined Moores Hotel and AOH Hall properties off the city’s business boulevard the South Mall, and sold by competitive tender via agents ERA Downey McCarthy, are Irish and international investors Warren Private, with the Dublin-based Greenleaf Group, headed by third generation developer Mark Elliott.