Another notable victory for Cork city
Office and hotel development is gathering pace in Cork, as yields harden and occupancy rates rise
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 sale...
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