Terms agreed for €20m-plus land bank in Ballincollig

The sale of house-building land by Cork’s Ballincollig for over €20 million to a major Cork developer may miss its ‘Sale of the Year’ title, as final contract negotiations continue into, and possibly past, December.

When launched in March, as an estate executor sale of a farm zoned for development by best bids via Irish & European, it was indicated the highly valuable and easily developable land was capable of taking 500-1,000 new homes, and a delivery in the middle of that range is likely to flow.