Re: Re: Developments in Cork
From todayâ€™s Irish Examiner:
Mad money? Cork City Council is to spend 500 million on a range of projects on the cityâ€™s northside. It kicks off with a 24million euro purchase of 96 apartments in the former Our Ladyâ€™s Hospital on the Lee Road.
It paid on average 250,000 euro per unit, and intends to relocate older people to the facility, in the so called â€˜grey buildingâ€™ without a public bus service or shop nearby.
The site has proven a boon for developers Lance, who have been involved in slow sales in the Atkins Hall scheme for several years.
They bought the hospital a decade ago for just 960,000 euro and will end up with hundreds of new and refurbished apartments here.