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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

Dublin Bay Sailing Club (DBSC) is one of Europe's biggest yacht racing clubs. It has almost sixteen hundred elected members. It presents more than 100 perpetual trophies each season some dating back to 1884. It provides weekly racing for upwards of 360 yachts, ranging from ocean-going forty footers to small dinghies for juniors.

Undaunted by austerity and encircling gloom, Dublin Bay Sailing Club (DBSC), supported by an institutional memory of one hundred and twenty-nine years of racing and having survived two world wars, a civil war and not to mention the nineteen-thirties depression, it continues to present its racing programme year after year as a cherished Dublin sporting institution.

The DBSC formula that, over the years, has worked very well for Dun Laoghaire sailors. As ever DBSC start racing at the end of April and finish at the end of September. The current commodore is Eddie Totterdell of the National Yacht Club.

The character of racing remains broadly the same in recent times, with starts and finishes at Club's two committee boats, one of them DBSC's new flagship, the Freebird. The latter will also service dinghy racing on Tuesdays and Saturdays. Having more in the way of creature comfort than the John T. Biggs, it has enabled the dinghy sub-committee to attract a regular team to manage its races, very much as happened in the case of MacLir and more recently with the Spirit of the Irish. The expectation is that this will raise the quality of dinghy race management, which, operating as it did on a class quota system, had tended to suffer from a lack of continuity.