€26m+ Opera Lane shops for sale as Cork City retail hits a higher note

Cork City centre retail recovery is picking up pace post-pandemic

On song: Retail investment at Opera Lane, Cork, is guided at €26.75m by agents Cushman & Wakefield, with H&M's only Munster store paying  35% of current €2.71m rent roll

A RESURGENCE in Cork City centre’s retail sector is being claimed , with the purpose-built retail street Opera Lane, home to a strong mix of international brands, coming up for sale. It has a €2.71m rent roll, and a price tag of €26.75m for its private investor owners.

Set at what agents Cushman & Wakefield say is the city’s retail nexus, Opera Lane was developed in the mid-2000s by the late Owen O’Callaghan, after a costly site assembly that included the former offices and printing press of the Irish Examiner and Johnson & Perrott, and included 20 multi-level ‘large box’ shops let to leading high-street retailers and 61 overhead apartments.