CONSTRUCTION activity in Cork has turned a corner with 2016 being a pivotal year for growth in the sector.
That is the view of international project management firm Aecom in their Annual Review of 2017.
Anglesea Court House; the Capitol Cinema; Páirc Uí Caoimh; St Mary’s Health Campus; Bon Secours Hospital; UCC’s Student Hub; and various school projects all commenced construction last year.
“We may look back at 2016 as being a pivotal year for growth in Cork’s construction sector. Tower cranes returned to the city, with many large projects commencing," AECOM’s Glenn Hanna said.
“Looking ahead, Cork’s commercial development is set to grow even more, with John Cleary Developments continuing to take a lead role in the city’s growth through plans for a mixed-use development in Mahon, and significant new developments by Clarendon, currently at feasibility stage, including CIE’s Horgan’s Quay land and Wilton Shopping Centre. Meanwhile, O’Callaghan Developments has secured planning permission for a significant office development on Albert Quay."
Mr Hanna said Cork's pharma sector is also expected to grow in 2017, with reinvestment on existing campuses such as Eli Lilly, Johnson & Johnson, Bio Marin and General Electric’s new campus development.
“Going forward, University College Cork has bold plans including the development of Cork Science and Innovation Park, new sports centre, Student Hub and planned student accommodation. Cork Institute of Technology may seek to refurbish their strategic building on 46 Grand Parade and new developments may be required in partnership with Institute of Technology Tralee
He concluded by saying that the horizon is bright for the Irish construction sector. "However, to maximise the benefits it is essential that Ireland attracts back our skilled resources, maintain competitiveness and address the significant deficits from seven years of underinvestment."