Re: Re: Developments in Cork

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From today’s Irish Examiner:
Mad money? Cork City Council is to spend 500 million on a range of projects on the city’s northside. It kicks off with a 24million euro purchase of 96 apartments in the former Our Lady’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 ‘grey building’ 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.

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