Cork an outlier as €67m in office deals dominate the Q2 investment market

Office sales made up 93% of the Q2 Cork investment market in contrast to the national market where residential investment made up 52% of the take and offices at 21%

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

Spending in the Cork property investment market came to €67m for the second quarter of this year — just 4% of the national €1.5bn investment cake in the  quarter.

And, one major deal, where French fund Corum spent €60m to acquire offices at O’Callaghan Properties Navigation Square made up the bulk of Cork investment market for the year so far.