Re: *updates*

Home Forums Ireland Look at de state of Cork, like! Re: *updates*


πŸ™‚ After a series of apparent weather disruptions (including the flooding of the site), Cleary Doyle Contractors have finally got around to erecting the 1st of 2 tower cranes over the site of Cork City Hall’s 32m euro extension, designed by ABK Architects. Construction is expected to take approx. 18 months with an official opening set for Autumn 2006.

πŸ™‚ The new Cork Airport terminal development is coming along very well and looks attractive even at this mid-construction stage. The multi-storey car-park is nearing completion. The new terminal is still on schedule for a Novemeber 2005 opening.

😎 The company jointly owned by Owen O’Callaghan, Elendale Group, has seen its value rise by almost 400% following a revaluation of its assets. The value now stands at approximately 204m euros, and increase of 160m euros (up from 44m euros). The revaluation growth is largely thanks to land value increases subsequent oof developments at Mahon Point, Lavitts Quay and on performances contributed by Barkhill, the Liffey Valley ddevelopment wing Mr. O’Callaghan owns 50/50 with the Duke of Westminster’s Grosvenor Group. O’Callaghan Properties (OCP) also have substantial developments in the wings earmarked for the former Jurys Hotel site along the Western Road (a 3 Phase project estimated to have a value of approx. 130m euros), Academy Street (a new 200,000sq ft retail quarter with 80 overhead apartments – valued at around 150m euros) plus a number of other Cork-based projects under assessment. It is believed these projects, in addition to on-going projects along the Old Blackrock Road, Classes near Ovens and at Mahon Point, with a possible joint-venture regarding Cornmarket Street and Paul Street S.C. – will all further boosts values for the company into the future. Through Barkhill, OCP and Grosvenor Group are also planning a new town development with numerous offices, leisure and retail facilities in addition to 5000 potential new homes at Liffey Valley.

😎 It’s interesting to see how the Bandon Road Roundabout section of the 120m euro Ballincollig By-Pass (where it meets with the South Ring Road) – constructed by Gama Tubin Construction – has already made the preparations for the prospective new fly-over at the junction. The flyover will be part of a 2 phase development, with another flyover being constructed at Sarsfield Roundabout further east along the South Ring. The 2 projects combined will costs an estimated 75m euros – and are seperate to the 42m euro Kinsale Road Roundabout (see posts above for image). The Bandon and Sarsfield fly-overs were cleared by ABP following appeal, the funding is in place, and a projected commencement date has been set for late Summer 2005 (but I’ll believe when I see it). πŸ˜‰

-> and just a minor correction regarding something I posted many many moons ago in which I said Pat O’Brien Developments had erected a tower crane over Frinailla’s An Caislean development in Ballincollig, well, the crane is actually that of Murnane & O’Shea over their The Maltings development nearby in Ballincollig. That development consists of 29 dwellinghouses, 76 apartments, 32 duplexes and 13 sheltered housing units. Just said I’d make it clear.

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