Menu

Ireland's sailing, boating & maritime magazine

Displaying items by tag: Boardwalk: Cork's 'City Quarter'

#CityQuarter - In a deal worth up to €14m writes The Irish Examiner, is to be signed in the coming days on a remaining investment — including the Boardwalk bar and restaurant — at Cork city’s seminal City Quarter.

It went to market for Nama in September 2016, guiding €14.5 million.

The investment offer, including remaining 38,000 sq ft of offices, basement car parking and ground floor space at the €100m City Quarter, is close to being bought in one single lot, according to sources. It has an income of €654,000 with scope to double that to €1.33m, according to Savills.

It’s understood that one investor is behind the impending deal, and when concluded, it may involve a re-sale or sub-sale as well as leases of several of the key components.

Click here for more on the deal at the site which Afloat adds is directly opposite to Ardmore Shipping Corporation's 'Irish' office on Albert Quay.

The Bermuda headquartered corporation of a product/chemical tanker fleet, relocated last summer its principle operating office to Cork City from the suburb of Mahon downriver.

Last month several key appointments were made by Ardmore to their offices in Singapore and Houston, USA.

Published in Waterfront Property

About the Sea Fisheries Protection Authority (SFPA)

The Sea-Fisheries Protection Authority was established on the 1st of January 2007. The SFPA is independent in the exercise of its functions, which are below.

The principal functions of the Authority are:

  1. To secure efficient and effective enforcement of sea-fisheries law and food safety law
  2. To promote compliance with & deter contraventions of sea-fisheries law and food safety law
  3. To detect contraventions of sea-fisheries law and food safety law
  4. To provide information to the sea-fisheries and seafood sectors on sea-fisheries law and food safety law and relevant matters within the remit of the Authority, through the Consultative Committee established under section 48 of the above Act or by any other means it considers appropriate
  5. To advise the Minister in relation to policy on effective implementation of sea-fisheries law and food safety law
  6. To provide assistance and information to the Minister in relation to the remit of the Authority
  7. To collect and report data in relation to sea fisheries and food safety as required by the Minister and under Community law
  8. To represent or assist in the representation of the State at national, Community and international fora as requested by the Minister, and
  9. To engage in any other activities relating to the functions of the Authority as may be approved of by the Minister.