COMMERCIAL PROPERTY
€6m a suite offer for the Maldron Hotel?
Who will go head to head with Dalata in bidding for the investment sale of the Maldron Hotel, in the historic heart of Cork City centre, under Shandon Steeple?
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Student apartment block near CIT can produce €100k-plus income
One of the closest, purpose-built student accommodation blocks to Cork Institute of Technology in the western suburbs has been put up for sale, guiding at €1.2 million.
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Goalpost pub boasts huge footfall thanks to Ballymaloe neighbors
An east Cork bar business, by the coast in pretty Shanagarry, has the world washing up at its counter, thanks to the nearby presence of the renowned Ballymaloe House, the Ballymaloe Cookery School, and the former Stephen Pearce Emporium, now a craft and design centre with cafe, by Kilkenny Design.
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Rising tide of recovery could lift price on waterfront site in Baltimore
Will a rising tide of economic recovery do enough to lift a waterfront Baltimore harbour site of just under three acres, up to the €1 million guide price?
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Western Star site for sale
It’s almost a pub quiz question for Cork’s version of University Challenge: for two marks, when was the fabled Western Star Pub demolished.
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Is Amazon lined up for Cork Airport Business Park office?
Online retailer Amazon is continuing to eat up Irish office space, with a major 170,000 sq ft Dublin deal just agreed. Might Amazon also be lined up for yet more space in Cork, where it currently has about 90,000 sq ft in three buildings at the Cork Airport Business Park?
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Retail investment opportunities offered in the suburbs
A trio of retail investment/opportunities worth over €1.6m are offered this week in two of Cork city’s affluent suburbs, and in Midleton, East Cork.
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Douglas office well worth an investment
An income of €91,000 per annum is on offer in the €1.1m sale of a Douglas ‘village’ office investment in Cork.
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Dalata on €90m Cork hotels spree
Ireland’s largest hotel operator, Dalata, will have spent up to €90m on Cork city hotels by next year, spanning purchases, upgrades and completion of its Beasley St hotel site off Cork’s South Mall and Parnell Place (pictured) where a €10.2m purchase from Nama has finally just completed.
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Allsops and DNG go online to auction
Over one dozen lots are expected in Wednesday next’s DNG Munster auction of mainly residential investments, in Cork, Kerry, Limerick and Waterford, along with a number of holiday home investments, some guided from just €10,000 in East Cork.
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Cerberus to place a number of high-profile Cork sites on the market
A number of Cork development sites bound up in the €800 million Project Arrow loan sale to US fund Cerberus (which had a par value in excess of €6bn, and sold by Nama) are being prepared for imminent resale for Cerberus.
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Speculatively-built facility at Little Island will test recovery
A good test of the pick-up in economic activity, and the demand for large logistics-related buildings, will come following the launch this week of a 53,000 sq ft multi-purpose building ‘box’ at Wallingstown, Little Island, just east of Cork city and the Jack Lynch tunnel.
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Cairn Homes’ Cork sell-off
The arrival for sale of three significant development sites in Cork, worth up to €30 million, sees a further scattering of the spread of sites and assets acquired by the firm Frinailla in the early 2000s, earmarked for developments of between €500m and €1bn.
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Two large bar investment complexes on market
There’s a choice of two large bar investment complexes for sale this month in satellite towns on opposite sides of Cork city, at Ballincollig, and Glanmire.
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Bar with planning for two apartments in Cork
First viewings of Cork’s Great Escape — a licensed complex including a bar with dance areas including pole dancing, accommodation, and a development site, took place on a quiet day - Good Friday.
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Cork set for multi-million euro retail rebuild
Cork’s premier main shopping thoroughfare is set for a second demolition and retail multi-million euro rebuild in the coming weeks.
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Phoenix House rising from crash with Regus
In hindsight, the name Phoenix House has proven particularly apt: rising from the crash, Cork’s €20m-plus Phoenix House third generation office building a mile from City Hall has secured its first, sizeable tenant, Regus — almost 10 years after it was built.
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Healthy return and room to grow in Nenagh Retail Park
A 158,000 sq ft retail park anchored by Woodies with six other tenants, and two undeveloped other sites, comes to market this week in a Tipperary town due 300 new tech job, guiding €2.6 million, which is well below build/replacement costs.
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Frankie Whelehan’s €5m Montenotte hotel spend
It’s easy to know that Frankie Whelehan is back in the hotel business.
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No rookies in Cork's Queens Old Castle Argos set piece
The €4.25m Argos investment, in Cork City centre, facing the Capitol cinema redevelopment site, has been bought by neighbouring developers, Clarendon Properties, with a view to future redevelopment of their Queens Old Castle holding, on the Grand Parade.
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Limestone landmark on Cork's Lapps Quay
CORK City Council looks set to make a small profit on its plans to sell an historic and elegant bank branch, which it bought just over two years ago, thanks to municipal public realm investments and private developments also on the doorstep of 1 Lapps Quay.
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In for the long grind on Maylor Street in Cork
Finishing touches, and staff training among a multi-national barista workforce were in full swing on Cork’s rejuvenating Maylor Street yesterday in the run-up to the opening of a sizeable new cafe/coffee shop, Warren Allen Coffee, set to employ up to 15 when it officially opens its doors next Monday.
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Tipperary hotel has sporting pedigree
A Golden Vale setting by Limerick Junction, and the Tipperary Racecourse, plus 114 acres of land with a Des Smyth-designed championship golf course, will add a certain sporting frisson to the bids for the 40-bed Ballykisteen Hotel and Golf Resort in Tipperary.
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Attractive Skibbereen school property
A €10 million west Cork schools amalgamation later this summer brings Skibbereen’s Mercy Heights school, behind the old convent, up for sale for new uses and development.
MoreSubmissions made about Cork's Albert Quay office proposal
Submissions have been made in relation to the proposed Albert Quay office development, for which Owen O’Callaghan has sought permission in Cork’s south docklands.
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Kent Station revamp will transform Horgans Quay
NEW linkages and a whopping 2 million passengers per year feeding into and out of CIE’s Kent Station Cork will raise the profile of the transport company’s Horgans’ Quay development site, which gets put back out for tender this week.
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Kilbarry Shopping Centre in Waterford back on the market
WATERFORD’S Kilbarry Shopping Centre, anchored by SuperValu and dating to 2000, is valued at €16 million as part of the four-lot €80m retail portfolio called SV4, which is brought to market this week by Savills.
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Lots to choose from as Allsops hammer out latest hot deals
There’s to be 70 commercial lot offers in the first of three Q2 2016 Allsop property auctions: they include seven off-licences in Cork, with a combined reserve of over €900,000, as well as a museum building in Limerick city, along with a number of multi-let residential investments in Munster, and nationwide.
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Under the Hammer: Large premises in Ballincollig suitable for wide range of uses
The former Ballincollig DIY & Garden Centre — an offshoot of a previously relocated business which was originally the Victoria Cross Sawmills — on a good 1.8 acre site with high-quality existing buildings is up for sale, suitable for storage, trading or other new uses.
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