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Cork Harbour Site On Market For Fraction Of 2016 Price

15th October 2015
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#CorkHarbour - Falling prices across prime Cork Harbour waterfront sites could be a boon for investors with serious plans in light of the Government's new marine focus.

As the Irish Examiner reports, the former Haulbowline Industries site at Passage West, which went for €25 million less than a decade ago, is now on the market for a fraction of that price.

It's expected that it will play a role alongside the busy Port of Cork, as will the 114-acre site at Marino Point directly across the harbour pinch point, for which a deal is being done for a similarly significant discount on its previous price tag.

Though previous ambitions for the Passage West site as a flagship €200-million marina development did not come to fruition, it remains centre of a thriving working port.

And with sales on smaller cites in Cork city proper reaching the eight-figure mark, it's the best time in years for marine-minded investments aiming to take advantage of Ireland's burgeoning 'Blue Economy'.

The Irish Examiner has more on the story HERE.

Published in Cork Harbour
MacDara Conroy

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MacDara Conroy

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MacDara Conroy is a contributor covering all things on the water, from boating and wildlife to science and business

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It’s one of the largest natural harbours in the world – and those living near Cork Harbour insist that it’s also one of the most interesting.

This was the last port of call for the most famous liner in history, the Titanic, but it has been transformed into a centre for the chemical and pharmaceutical industry.

The harbour has been a working port and a strategic defensive hub for centuries, and it has been one of Ireland's major employment hubs since the early 1900s. Traditional heavy industries have waned since the late 20th century, with the likes of the closure of Irish Steel in Haulbowline and shipbuilding at Verolme. It still has major and strategic significance in energy generation, shipping and refining.

Giraffe wander along its shores, from which tens of thousands of men and women left Ireland, most of them never to return. The harbour is home to the oldest yacht club in the world, and to the Irish Navy. 

This deep waterway has also become a vital cog in the Irish economy. 

 

‘Afloat.ie's Cork Harbour page’ is not a history page, nor is it a news focus. It’s simply an exploration of this famous waterway, its colour and its characters.

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