Another notable victory for Cork city

Office and hotel development is gathering pace in Cork, as yields harden and occupancy rates rise

10th March, 2019
4
One and Two Penrose Dock: set to be completed by mid-2020

Development of offices and hotels is gathering momentum in Cork city centre, while its suburbs are seeing student accommodation, housing, offices and industrial projects underway. Reflecting the resurgence in the local economy, investors are increasingly willing to pay more for some Cork properties, as suggested by Cushman & Wakefield’s report which said that prime office yields hardened by 25 basis points (bps) in 2018 to 5.5 per cent.

An example of recent large deals include the...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

The year in review

Legacy Richie Oakley 1 year ago

Newsround: What Thursday’s papers say

Legacy Leanna Byrne 6 years ago

More cycle routes, expansion of Luas to Bray and new bus network proposed

Legacy Digital Desk 6 years ago