Cork Elysian to go on the market as part of €100m sale

The 71 metre tall apartment block was built by developer Michael O’Flynn, who lost control of the landmark project in a debt settlement with Blackstone

The Elysian building in Cork Picture: Steve Cox

Blackstone, the multibillion euro US private equity fund, is to put Ireland’s tallest building on the market, as part of a sale expected to carry a price tag of over €100 million.

The 71 metre tall Elysian apartment block in Cork city was built by developer Michael O’Flynn, who lost control of the landmark project in a debt settlement with Blackstone over his legacy boom-time borrowings.

O’Flynn had fought Blackstone to a standstill ...