The developments are expected to be confirmed before the end of May and could deliver a significant boost to the availability of office stock in Cork.
It is understood that one of the two developments includes a major site on the city’s north docks. The other development is targeting a city centre site, adjacent to the bus station on Parnell Place. While it is believed to be a smaller scale project, it has been described as ‘significant’ for the city.
In addition to the commercial property announcements, it has also been confirmed that the former Ford depot site could be set to become home to more than 1,000 apartments as international interest increases in the 11.35-acre site.
The landmark site, viewed as one of the most important elements in the wider redevelopment of the Docklands, is listed for sale at €8.5 million.
Selling agents CBRE has confirmed that in the three weeks since it was listed for sale, dozens of enquiries have been fielded, including queries from ‘Irish, UK, European and Middle East’ investors.