We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

HQ Developments Limited
horgan's quay

Two major developers are teaming up to give Cork's quayside a €160m facelift

HQ Developments Limited have lodged plans to build eight new buildings on the banks of the River Lee.

PLANS HAVE BEEN lodged to build a new €160 million mixed-use development on the banks of the River Lee in Cork.

Documents filed with Cork City Council this week by HQ Developments Limited outlined a project to develop eight new buildings on a six-acre site at Horgan’s Quay.

The new building on the previously unused industrial land would include 237 residential units across four apartment blocks, a 136-bed hotel with a rooftop restaurant and nearly 3,000 sq ft of retail space.

There would also be a total of 400,000 sq ft of office space, enough to accommodate up to 5,000 workers, across three separate buildings.

A new 54,000 sq ft public space will also be created as part of the overall development, while a number of existing buildings on the site, including the Station House, the Carriage Shed and the former Goods Shed, will be restored as part of the plans.

It is expected that the development will take between three and five years to complete, with work to start at the beginning of next year if approval is granted. At peak construction, there would be 450 workers on the site.

Capture2 HQ Developments Limited HQ Developments Limited

HQ Developments Limited is a joint venture between construction firms Clarendon Group, owned by Paddy McKillen and Tony Leonard, and one of Ireland’s largest building contractors, BAM Ireland.

Last year, a deal was agreed between CIÉ, the owner of the site at Horgan’s Quay, and HQ Developments Limited to lease the land.

Under the terms of the deal CIÉ will get one-tenth of the rental income from the development as part of a 300-year lease.

hotel An artist's impression of the new hotel HQ Developments Limited HQ Developments Limited

Attracting investment

Cork Chamber chief executive Conor Healy said the new development will help the city attract more foreign direct investment.

However, he also noted that key aspects of Cork’s infrastructure still need to be brought up to scratch to facilitate more multinational firms.

“With those new jobs comes a demand for good quality city centre residential accommodation particularly focussed on the rental market where there is currently a shortfall,” he said.

Also, in recent years due to growth in both the business and leisure markets, visitor numbers are growing considerably with widespread recognition of the need for additional hotel rooms and supporting retail and hospitality offerings.

Several other major developments are currently in the pipeline for Cork, including the €90 million ‘Navigation Square’ office complex at Albert Quay and a new office block in the city centre on the South Mall.

Sign up to our newsletter to receive a regular digest of Fora’s top articles delivered to your inbox.

Written by Killian Woods and posted on

Read: Nine towns in the west of Ireland are about to get broadband twice as fast as Dublin

Read: A Dublin-based investment fund will pay $687m to victims of fraudster Bernie Madoff

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Your Voice
Readers Comments
This is YOUR comments community. Stay civil, stay constructive, stay on topic. Please familiarise yourself with our comments policy here before taking part.
Leave a Comment
    Submit a report
    Please help us understand how this comment violates our community guidelines.
    Thank you for the feedback
    Your feedback has been sent to our team for review.

    Leave a commentcancel