Cork office demand hots up equally on north and south quays

Standing on the outdoor roof-top terrace of the rapidly completing 250,000 sq ft Penrose Dock office scheme on Cork’s North Quays docklands, developer John Cleary looks south over the River Lee, and then downriver, to the east. The JCD group MD says,“over there was the last 15 years....and down there is the next 40 years.”

It’s a pithy summary of the new development vista that is taking shape, in tranches, as Cork’s Docklands mark 11 gathers pace and currency. A number of key office occupier commitments are being made for early 2020 in the JCD-developed Penrose Dock. And, in an unrelated parallel, as O’Callaghan Properties’ large Navigation Square development, across the river, also moves towards an encouraging, 50% occupancy rate for mid-2020, according to market sources.