Receiver sells €6m in BlackBee assets at Cork's City Quarter

Sell-off in lots includes offices with income, a boardwalk coffee kiosk and the former Docklands/Club Brasserie restaurant at landmark and visionary 2005-completed  City Quarter

City Quarter investment on Lapps Quay guided at €6m all-in by Sherry FitzGerald Commercial'H Property

A RECEIVER disposing of assets amassed by liquidated BlackBee Investments in Cork has put mixed investments worth €6m in total on the market. Going for sale this week is floor three of City Quarter office building, fully let, as well as the former Docklands/ex-Club Brasserie restaurant; the café kiosk on the Lapps Quay boardwalk let to Café Gusto; and the ground floor office facing the old Port of Cork site, occupied most recently by BlackBee Investments/Aperee and at one stage the public offices of the Irish Examiner.

HQ’d at City Quarter and headed up by David O’Shea, BlackBee was put into liquidation in May 2023, after the Central Bank moved to protect investors, with assets reported at the time of €180m, with later reports saying €92m had matured for investors. Liquidators subsequently corresponded with up to 1,700 investors.