Investment funds are becoming major players in land development market

Roll away the stones? Blarney's long-stalled Stoneview site taken on from Nama for €7m,  by fund called Elkstone Partners

Snapped up for c 7 million by a fund, Elkstone Partners, is this 105-acre holding at Stoneview, Blarney. It made 50% over the launch €4.6m guide, sold  for Nama and receivers Crowe, via agents Coldwell Banker

MAJOR investment funds sitting on huge cash piles are emerging as a force in the Irish land development market, combining site acquisition and speculation, as low-key and off-market multi-million euro deals transact during these pandemic months.

A number of key Cork sites are currently transacting to a cross-section of buyer profiles  in locations like Blackrock Road, Ballyvolane and outer Douglas.