Sale of Cork development land at Maglin to bring 2023 total to c€50m

Spend in 2023 puts average values for residential development land at €300,000

Cork’s Maglin, just south of Ballincollig,

The largest land deal of the year in the greater Cork area at €15m at Maglin, Ballincollig, will bring the total amount invested in development land around the city to c €50m by year’s end, almost twice what was spent in 2022, which was put at just €26m.

The 2023 spend now approaching €50m is across 15 separate deals, and spanning 160 acres, putting average values for residential development land at €300,000 based on a €48m spend to date in 2023.