Boost for Cork as 50m Albert Quay development gets go-ahead

Boost for Cork as 50m Albert Quay development gets go-ahead

Tuesday, February 25, 2014

Planners have given the green light for a 50m, nine-storey office block which could deliver up to 2,000 jobs for Cork city.

Once complete in late 2015, Number 1 Albert Quay will have the capacity for 2,000 workers, with talks already under way with potential occupiers.

The project is one of the single largest private sector investments in the city in five years, and one of the largest office block developments in the city centre in decades.

The planning decision was heralded last night as a massive boost for the city centre, and for the city councils docklands regeneration plan.

Agriculture Minister Simon Coveney said the investment is a sign that Cork is moving in the right direction and an attractive place for business.

High-end office development and significant demand for it will revitalise Cork city centre and provide an additional economic boost to the area, he said.

Cork Chamber chief executive Conor Healy said as well as the boost from the construction jobs, the project would deliver a lasting benefit in terms of sustainable jobs.

This project will give the whole city a economic lift, he said.

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Boost for Cork as 50m Albert Quay development gets go-ahead