€10m Douglas seven acre site sale

A ‘FARMED’ field of seven acres, in the heart of suburban Douglas in Cork city is being sold for about €10m, or €1.4m an acre, to rapidly-expanding developers Centurion Homes, currently active in Dublin and Cork.

The truly prime site made considerably over expectations of €1m per acre, or €7/€8m all-in when it went to market in November with Savills Cork: it’s understood to have attracted interest from up to eight bidders, both locals and from Dublin/nationally, with best bids sought by December.