Cork's crime and poverty levels assessed before German fund paid €19m for Webworks building

CRIME and poverty rates in Cork, as well as waste management strategies, public transport and sustainability issues were among the indicators a €9bn German investment fund used, before deciding to spend €19m in a Cork city centre property investment, at the Webworks building.

Quadoro Doric Real Estate GmbH last year outbid a number of international and Irish funds, to secure Cork’s fully-tenanted investment building the Webworks building, initially launched for sale by Lisney Cork at €16m.