Cork quays office block anchored by Clearstream sold to French company for unconfirmed €60m+

OCP Deal seen as a boost to Cork city's draw, especially as bought during a global pandemic

Deal done: Block One at Cork city's Navigation Square, NSQ1. has been sold to French property investor Corum Asset Management for an undisclosed sum, likely to be in excess of €60 million. It was developed by O'Callaghan Properties and is anchored by finance-related IT firm Clearstream, part of Deutsche Borse Group

A FRENCH property company has just bought a Cork docklands office building, anchored by a German linked financial services firm, for an unconfirmed sum, likely to be just  in excess of €60 million.

The deal, secured by one of Cork’s largest developers O’Callaghan Properties (OCP), sees the successful investment sale of Block One at Navigation Squares, on Albert Quay, on the south quays just downriver of City Hall.