Tuesday 17 January 2017

€90m docklands project aims to solve chronic shortage of office space

Published 24/02/2016 | 02:30

A graphic artist's impression of the planned development in the Cork docklands.
A graphic artist's impression of the planned development in the Cork docklands.
A graphic artist's impression of the planned development in the Cork docklands.

Development of Cork's vast docklands is set to be kick-started by a €90m office complex aimed at resolving a chronic shortage of commercial space in the city.

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Owen O'Callaghan unveiled plans for the 360,000 square-foot centre which will comprise four separate buildings at Albert Quay.

Mr O'Callaghan, who developed Cork's Mahon Point Shopping Centre and Opera Lane retail complex, said the project would provide office space capable of handling up to 3,000 employees.

The Albert Quay site, adjacent to where Mr O'Callaghan had proposed to develop a Cork events centre, is considered hugely strategic to Cork's entire docklands redevelopment.

It also seeks to address a chronic shortage of office space in Cork city centre.

The €60m One Albert Quay office complex, developed by John Cleary adjacent to Cork City Hall, registered record lettings by firms eager to secure business space in the city centre.

More than €350m worth of major projects are under way in Cork city.

These include the €60m Cork events centre being built by BAM/Heineken on the old Beamish & Crawford site, the €60m One Albert Quay office complex, the €3m facelift for Kent railway station, the €70m revamp of Páirc Uí Chaoimh GAA stadium, the €3.2m Irish Independent Park rugby stadium revamp, and the €50m Capitol retail complex.

O'Callaghan Properties confirmed planning for the new office complex would be formally lodged with Cork City Council this week.

"This project makes a really powerful statement for Cork, Ireland's second city," Mr O'Callaghan said.

Irish Independent

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